Capitalized Mortgage Servicing Rights (Tables) - MSRs

12 Months Ended

Dec. 31, 2021

Capitalized Mortgage Servicing Rights

Summary of capitalized MSR activity

A summary of our capitalized MSR activity is as follows (in thousands):

	Year Ended December 31, 2021						Year Ended December 31, 2020
	Originated		Acquired		Total		Originated		Acquired		Total
Beginning balance	$	336,466	$	43,508	$	379,974	$	221,901	$	64,519	$	286,420
Additions		134,116		—		134,116		159,533		—		159,533
Amortization		(47,845)		(10,770)		(58,615)		(34,186)		(15,036)		(49,222)
Write-downs and payoffs		(27,164)		(5,577)		(32,741)		(10,782)		(5,975)		(16,757)
Ending balance	$	395,573	$	27,161	$	422,734	$	336,466	$	43,508	$	379,974

Schedule of expected amortization of capitalized MSRs recorded

The expected amortization of capitalized MSRs recorded as of December 31, 2021 is as follows (in thousands):

Year	Amortization
2022	$	58,814
2023		55,777
2024		53,179
2025		50,610
2026		46,582
Thereafter		157,772
Total	$	422,734