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Fair Value (Tables) | 3 Months Ended
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Mar. 31, 2024
Fair Value Disclosures [Abstract] |
Undesignated Derivative Instruments | The fair value measurement of NVRM's undesignated derivative instruments was as follows:
|  | March 31, 2024 |  | December 31, 2023
Rate lock commitments: |  |  |  |
Gross assets |  | $ | 41,474 |  |  | $ | 61,150 |
Gross liabilities |  | 3,263 |  |  | 168 |
Net rate lock commitments |  | $ | 38,211 |  |  | $ | 60,982 |
Forward sales contracts: |  |  |  |
Gross assets |  | $ | 1,432 |  |  | $ | 8 |
Gross liabilities |  | 4,520 |  |  | 18,305 |
Net forward sales contracts |  | $ | (3,088) |  |  | $ | (18,297) |
Fair Value Measurement | The fair value measurement as of March 31, 2024 was as follows:
|  | Notional or Principal Amount |  | Assumed Gain From Loan Sale |  | Interest Rate Movement Effect |  | Servicing Rights Value |  | Security Price Change |  | Total Fair Value Measurement Gain/(Loss)
Rate lock commitments |  | $ | 2,098,953 |  |  | $ | 3,864 |  |  | $ | 8,141 |  |  | $ | 26,206 |  |  | $ | — |  |  | $ | 38,211 |
Forward sales contracts |  | $ | 2,045,587 |  |  | — |  |  | — |  |  | — |  |  | (3,088) |  |  | (3,088) |
Mortgages held for sale |  | $ | 322,770 |  |  | 1,038 |  |  | 4,317 |  |  | 4,385 |  |  | — |  |  | 9,740 |
Total fair value measurement |  |  |  | $ | 4,902 |  |  | $ | 12,458 |  |  | $ | 30,591 |  |  | $ | (3,088) |  |  | $ | 44,863 |

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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments not designated as hedging instruments reported in the statement of financial position. + References No definition available. + Details
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- Definition Unrealized gain (loss) from change in fair value measurements of derivatives not designated as hedging instruments included in earnings. + References No definition available. + Details
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