Escrow and Custodial Funds |
12 Months Ended | ||
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Dec. 31, 2017 | |||
Deposit Assets Disclosure [Abstract] | |||
Escrow and Custodial Funds |
In conjunction with the servicing of multifamily and commercial loans, the Company holds escrow and other custodial funds. Escrow funds are held at unaffiliated financial institutions generally in the form of cash and cash equivalents. These funds amounted to approximately $0.8 billion and $1.1 billion, as of December 31, 2017 and 2016, respectively. These funds are held for the benefit of the Company’s borrowers and are segregated in custodial bank accounts. These amounts are excluded from the assets and liabilities of the Company. |