v3.26.1
Mortgage Servicing Rights (Tables)
 3 Months Ended
Mar. 31, 2026
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:
March 31,
2026		December 31,
2025
Federal National Mortgage Association$2,697,849 $2,674,584 
Federal Home Loan Mortgage Corporation2,062,412 2,058,343 
Government National Mortgage Association1,429,930 1,420,376 
Federal Home Loan Bank164,512 121,476 
Other993 1,012 
Total$6,355,696 $6,275,791 
Schedule of Mortgage Servicing Rights at Fair Value
The activity of MSRs carried at fair value is as follows:
For the three months ended
March 31,
20262025
Balance, beginning of period$86,651 $84,258 
Additions:
Servicing resulting from transfers of financial assets4,271 2,653 
Changes in fair value:
Due to changes in valuation inputs or assumptions used in the valuation model1,350 (1,389)
Changes in fair value due to pay-offs, pay-downs, and runoff(3,279)(2,595)
Balance, end of period$88,993 $82,927 
Schedule of Weighted-Average key Assumptions Used to Estimate Fair Value of Mortgage Servicing Rights
The following represents the weighted-average key assumptions used to estimate the fair value of MSRs as of:
March 31,
2026		December 31,
2025		March 31,
2025
Discount rate9.72 %9.81 %10.14 %
Total prepayment speeds8.66 %9.04 %8.62 %
Cost of servicing each loan
$91/per loan
$91/per loan
$93/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 three months ended
March 31,
20262025
Servicing fees$4,698 $4,260 
Late and ancillary fees271 245 
Total$4,969 $4,505