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Mortgage Servicing Rights (Tables)
 12 Months Ended
Dec. 31, 2022
Transfers and Servicing [Abstract]  
Schedule of Unpaid Principal Loan Balance of Servicing Portfolio
The unpaid principal loan balance of our servicing portfolio is presented in the following table as of December 31,:
20222021
Federal National Mortgage Association$2,517,434 $2,352,981 
Federal Home Loan Mortgage Corporation1,630,403 1,512,858 
Government National Mortgage Association916,455 759,524 
Federal Home Loan Bank111,699 134,616 
Other1,413 1,853 
Total$5,177,404 $4,761,832 
Schedule of Mortgage Servicing Rights at Fair Value
The activity of MSRs carried at fair value is as follows for the years ended December 31,:
202220212020
Balance, beginning of period$47,392 $29,144 $29,003 
Additions:
Servicing resulting from transfers of financial assets14,287 23,854 22,421 
Changes in fair value:
Due to changes in valuation inputs or assumptions used in the valuation model20,350 6,093 (13,798)
Changes in fair value due to pay-offs, pay-downs, and runoff(7,932)(11,699)(8,482)
Balance, end of period$74,097 $47,392 $29,144 
Schedule of Fair Value Assumptions, Servicing Assets
The following represents the weighted-average key assumptions used to estimate the fair value of MSRs as of December 31,:
202220212020
Discount rate9.85 %9.22 %9.12 %
Total prepayment speeds7.40 %11.52 %16.99 %
Cost of servicing each loan
$88/per loan
$85/per loan
$85/per loan
Schedule of Servicing and Ancillary Fees from Mortgage Servicing Portfolio
Total servicing and ancillary fees earned from the mortgage servicing portfolio is presented in the following table for the years ended December 31,:
202220212020
Servicing fees$14,675 $12,092 $9,426 
Late and ancillary fees413 433 372 
Total$15,088 $12,525 $9,798