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Fair Value (Tables)
6 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Undesignated Derivative Instruments
The fair value measurement of NVRM's undesignated derivative instruments was as follows:
 
 
 
 
 
 
 
June 30, 2018
 
December 31, 2017
Rate lock commitments:
 
 
 
 
Gross assets
 
$
13,770

 
$
5,400

Gross liabilities
 
996

 
1,832

Net rate lock commitments
 
$
12,774

 
$
3,568

Forward sales contracts:
 
 
 
 
Gross assets
 
$
408

 
$
992

Gross liabilities
 
4,307

 
667

Net forward sales contracts
 
$
(3,899
)
 
$
325

Fair Value Measurement
The fair value measurement as of June 30, 2018 was as follows:
 
 
Notional or
Principal
Amount
 
Assumed
Gain/(Loss)
From Loan
Sale
 
Interest
Rate
Movement
Effect
 
Servicing
Rights
Value
 
Security
Price
Change
 
Total Fair
Value
Measurement
Gain/(Loss)
Rate lock commitments
 
$
857,052

 
$
1,402

 
$
1,683

 
$
9,689

 
$

 
$
12,774

Forward sales contracts
 
$
1,168,371

 

 

 

 
(3,899
)
 
(3,899
)
Mortgages held for sale
 
$
393,258

 
881

 
376

 
5,291

 

 
6,548

Total fair value measurement
 
 
 
$
2,283

 
$
2,059

 
$
14,980

 
$
(3,899
)
 
$
15,423