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Servicing Assets (Tables)
9 Months Ended
Sep. 30, 2023
Transfers and Servicing [Abstract]  
Summary of Activity Pertaining to Servicing Rights
The following table summarizes the activity pertaining to servicing rights:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2023202220232022
Balance at beginning of period$31,042 $28,661 $26,323 $33,574 
Additions, net4,750 1,744 11,944 7,068 
Fair value changes:
Due to changes in valuation inputs or assumptions(1)
13,334 992 15,457 (3,056)
Decay due to increases in principal paydowns or runoff(1,999)(2,316)(6,597)(8,505)
Balance at end of period$47,127 $29,081 $47,127 $29,081 
(1)
Three and nine month periods ended September 30, 2023 include a $13.7 million increase related to change in estimate implemented on July 1, 2023. See Note 1. Basis of Presentation for additional information.