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Mortgage Servicing Rights, Net (Tables)
3 Months Ended
Mar. 31, 2021
Transfers and Servicing [Abstract]  
Summary of changes in the carrying amount of mortgage servicing rights The changes in the carrying amount of MSRs were as follows (in thousands):
 Three Months Ended March 31,
Mortgage Servicing Rights20212020
Beginning Balance$528,983 $432,666 
Additions48,138 38,967 
Purchases from an affiliate— 92 
Amortization(26,870)(22,334)
Ending Balance$550,251 $449,391 
Valuation Allowance
Beginning Balance$(34,354)$(19,022)
Decrease (increase)11,248 (17,556)
Ending Balance$(23,106)$(36,578)
Net Balance$527,145 $412,813 
Schedule of servicing fees and escrow interest
Servicing fees are included in “Management services, servicing fees and other” on the accompanying unaudited condensed consolidated statements of operations and were as follows (in thousands):
 Three Months Ended March 31,
 20212020
Servicing fees$32,676 $26,665 
Escrow interest and placement fees971 3,392 
Ancillary fees2,687 2,241 
Total$36,334 $32,298