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Fair Value (Tables)
3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Undesignated Derivative Instruments
The fair value measurement of NVRM's undesignated derivative instruments was as follows:
 
 
March 31, 2019
 
December 31, 2018
Rate lock commitments:
 
 
 
 
Gross assets
 
$
18,437

 
$
13,831

Gross liabilities
 
149

 
345

Net rate lock commitments
 
$
18,288

 
$
13,486

Forward sales contracts:
 
 
 
 
Gross assets
 
$
312

 
$
64

Gross liabilities
 
7,625

 
10,121

Net forward sales contracts
 
$
(7,313
)
 
$
(10,057
)
Fair Value Measurement
The fair value measurement adjustment as of March 31, 2019 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
 
$
801,302

 
$
4,554

 
$
5,514

 
$
8,220

 
$

 
$
18,288

Forward sales contracts
 
$
1,117,669

 

 

 

 
(7,313
)
 
(7,313
)
Mortgages held for sale
 
$
410,314

 
2,560

 
4,659

 
5,024

 

 
12,243

Total fair value measurement
 
 
 
$
7,114

 
$
10,173

 
$
13,244

 
$
(7,313
)
 
$
23,218