XML 104 R90.htm IDEA: XBRL DOCUMENT
v3.21.1

Fair Value of Financial Instruments - Schedule of Significant Inputs used in the Valuation of Level 3 Assets (Details) $ in Thousands | Mar. 31, 2021 USD ($) Rate | Dec. 31, 2020 USD ($) Rate
--- | --- | ---
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Derivative assets | $ 12,688 | $ 11,529
Mortgage servicing rights | 20,894 | 14,758
Fair Value, Inputs, Level 3 |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Total assets | 29,178 | 23,965
Contingent consideration payable | 200 | 200
Fair Value, Inputs, Level 3 | Interest rate lock commitments |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Derivative assets | 8,284 | 9,207
Fair Value, Inputs, Level 3 | Residential Mortgage |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Mortgage servicing rights | $ 20,894 | $ 14,758
Pull through rate | Fair Value, Inputs, Level 3 | Interest rate lock commitments | Internal Model | Minimum |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Pull through rate | Rate | 0.50 | 0.50
Pull through rate | Fair Value, Inputs, Level 3 | Interest rate lock commitments | Internal Model | Maximum |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Pull through rate | Rate | 0.95 | 0.95
Pull through rate | Fair Value, Inputs, Level 3 | Interest rate lock commitments | Internal Model | Weighted Average |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Pull through rate | Rate | 0.62 | 0.68
Discount rate | Fair Value, Inputs, Level 3 | Residential Mortgage | External model | Minimum |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Servicing asset, measurement input | Rate | 0.10 | 0.10
Discount rate | Fair Value, Inputs, Level 3 | Residential Mortgage | External model | Maximum |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Servicing asset, measurement input | Rate | 0.13 | 0.13
Discount rate | Fair Value, Inputs, Level 3 | Residential Mortgage | External model | Weighted Average |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Servicing asset, measurement input | Rate | 0.11 | 0.11
Cost to service | Fair Value, Inputs, Level 3 | Residential Mortgage | External model | Minimum |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Servicing asset, measurement input | 75 | 75
Cost to service | Fair Value, Inputs, Level 3 | Residential Mortgage | External model | Maximum |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Servicing asset, measurement input | 90 | 90
Cost to service | Fair Value, Inputs, Level 3 | Residential Mortgage | External model | Weighted Average |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Servicing asset, measurement input | 82 | 82
Prepayment speed | Fair Value, Inputs, Level 3 | Residential Mortgage | External model | Minimum |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Servicing asset, measurement input | Rate | 0.07 | 0.08
Prepayment speed | Fair Value, Inputs, Level 3 | Residential Mortgage | External model | Maximum |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Servicing asset, measurement input | Rate | 0.56 | 0.60
Prepayment speed | Fair Value, Inputs, Level 3 | Residential Mortgage | External model | Weighted Average |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Servicing asset, measurement input | Rate | 0.16 | 0.22
Contingent Consideration, Possible Earnout Amount, Cash | Fair Value, Inputs, Level 3 |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Contingent consideration payable | $ 200 | $ 200
Contingent Consideration, Possible Earnout Amount, Cash | Forecast Cash EBITDA | Fair Value, Inputs, Level 3 | Cash Flow Model | Minimum |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Contingent consideration payable | 20,000 | 20,000
Contingent Consideration, Possible Earnout Amount, Cash | Forecast Cash EBITDA | Fair Value, Inputs, Level 3 | Cash Flow Model | Maximum |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Contingent consideration payable | 30,000 | 30,000
Contingent Consideration, Possible Earnout Amount, Cash | Assumed Claim Liabilities | Fair Value, Inputs, Level 3 | Actuarial Analysis | Maximum |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Contingent consideration payable | $ 55,000 | $ 55,000

X
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_AssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of liability recognized arising from contingent consideration in a business combination. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120321790&loc=d3e6927-128479 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 35 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=116859824&loc=d3e6819-128478 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 25 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6911189&loc=d3e6408-128476 + Details
Name: | us-gaap_BusinessCombinationContingentConsiderationLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Value of input used to measure derivative asset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_DerivativeAssetMeasurementInput
Namespace Prefix: | us-gaap_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13433-108611 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 + Details
Name: | us-gaap_DerivativeAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Aggregate amount of servicing assets that are subsequently measured at fair value and servicing assets that are subsequently measured using the amortization method. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 45 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6469459&loc=d3e122501-111745 + Details
Name: | us-gaap_ServicingAsset
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Value of input used to measure servicing asset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_ServicingAssetMeasurementInput
Namespace Prefix: | us-gaap_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_InterestRateLockCommitmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_ResidentialMortgageMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_MeasurementInputTypeAxis=tipt_PullthroughRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ValuationTechniqueAxis=tipt_InternalModelMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_WeightedAverageMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputDiscountRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ValuationTechniqueAxis=tipt_ExternalModelMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_MeasurementInputTypeAxis=tipt_MeasurementInputCosttoServiceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputPrepaymentRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=tipt_ContingentConsiderationPossibleEarnoutAmountCashMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputEbitdaMultipleMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ValuationTechniqueAxis=us-gaap_ValuationTechniqueDiscountedCashFlowMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_MeasurementInputTypeAxis=tipt_AssumedClaimLIabilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ValuationTechniqueAxis=tipt_ActuarialAnalysisMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |