XML 63 R50.htm IDEA: XBRL DOCUMENT v3.8.0.1
Mortgage Servicing Rights, Net (Tables)
 3 Months Ended
Mar. 31, 2018
Transfers And Servicing [Abstract]  
Summary of Changes In Carrying Amount of Mortgage Servicing Rights

The changes in the carrying amount of mortgage servicing rights for the three months ended March 31, 2018 and 2017 were as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2018

 

 

2017

 

Mortgage Servicing Rights

 

 

 

 

 

 

 

 

Beginning balance

 

$

399,349

 

 

$

347,558

 

Additions

 

 

6,389

 

 

 

28,806

 

Purchases from an affiliate

 

 

509

 

 

 

—

 

Amortization

 

 

(19,294

)

 

 

(17,175

)

Ending balance

 

$

386,953

 

 

$

359,189

 

 

 

 

 

 

 

 

 

 

Valuation Allowance

 

 

 

 

 

 

 

 

Beginning balance

 

$

(6,723

)

 

$

(7,742

)

Decrease (increase)

 

 

1,296

 

 

 

3,168

 

Ending balance

 

 

(5,427

)

 

 

(4,574

)

      Net balance

 

$

381,526

 

 

$

354,615

 

 
Schedule of Contractually Specified Servicing Fees and Ancillary Fees Earned

The amount of contractually specified servicing fees (including primary and special servicing fees) and ancillary fees (including yield maintenance fees) earned by the Company were as follows:

 

 

Three Months Ended March 31,

 

 

 

2018

 

 

2017

 

Servicing fees

 

$

25,132

 

 

$

22,050

 

Escrow interest and placement fees

 

 

2,967

 

 

 

1,459

 

Ancillary fees

 

 

827

 

 

 

1,323

 

Total Servicing fees

 

$

28,926

 

 

$

24,832