Mortgage Servicing - Schedule of Components of Servicing and Subservicing Fees (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2021 |
Sep. 30, 2020 |
Sep. 30, 2021 |
Sep. 30, 2020 |
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Transfers and Servicing [Abstract] | ||||
Servicing | $ 103,094 | $ 53,410 | $ 246,363 | $ 161,154 |
Subservicing | 2,867 | 10,324 | 8,971 | 26,143 |
MAV | 1,575 | 0 | 1,575 | 0 |
NRZ | 75,034 | 91,015 | 233,135 | 299,089 |
Servicing and Subservicing fees, total | 182,570 | 154,749 | 490,044 | 486,386 |
Late charges | 10,656 | 11,012 | 31,335 | 38,323 |
Recording Fees | 3,726 | 3,900 | 10,579 | 9,828 |
Loan collection fees | 2,858 | 3,047 | 8,568 | 10,048 |
Boarding and deboarding fees | 1,627 | 4,262 | 6,830 | 5,619 |
Custodial accounts (float earnings) | 1,234 | 1,057 | 3,547 | 8,787 |
Other, net | 3,914 | 3,695 | 11,859 | 9,454 |
Ancillary income | 24,015 | 26,973 | 72,720 | 82,059 |
Servicing and subservicing fees | $ 206,585 | $ 181,722 | $ 562,764 | $ 568,445 |
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- Definition Boarding and de-boarding fees. No definition available.
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- Definition All amounts that, per contract, are due in exchange for servicing or subservicing the financial asset. No definition available.
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- Definition Contractually specified servicing fees collected on behalf of counterparty. No definition available.
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- Definition All amounts that, per contract, are due to the subservicer in exchange for subservicing the financial asset and would no longer be received by a subservicer if the owners of the servicing rights were to exercise their authority under the contract to shift the subservicing to another servicer. No definition available.
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- Definition Represents amount related to interest earned on unremitted loan payments held in custodial accounts, are due to the servicer in exchange for servicing the financial asset. No definition available.
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- Definition Represents loan collection fees paid by the borrower to the servicer for automated payment services. No definition available.
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- Definition Recording Fees No definition available.
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- Definition This represents the amount of the fee earned, generally expressed as a percent of UPB, from the borrowers’ payments. Also includes late fees, prepayment penalties, float earnings and other ancillary fees. No definition available.
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- Definition Servicing fee collected on mortgage servicing rights for which rights have been sold to NRZ. No definition available.
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- Definition All amounts that are due to the servicer of a financial asset, excluding contractually specified servicing fees and late fees. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition All amounts that, per contract, are due to the servicer in exchange for servicing the financial asset and would no longer be received by a servicer if the beneficial owners of the serviced assets (or their trustees or agents) were to exercise their actual or potential authority under the contract to shift the servicing to another servicer. Depending on the servicing contract, those fees may include some or all of the difference between the interest rate collected on the asset being serviced and the rate to be paid to the beneficial owners of the asset. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of contractually specified servicing fee, late fee, and ancillary fee recognized as income for servicing asset and servicing liability. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition All amounts that are due to the servicer of a financial asset as a result of the debt holder not meeting the monthly payment terms. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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