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Fair Value (Tables)
6 Months Ended
Jun. 30, 2019
Fair Value Disclosures [Abstract]  
Undesignated Derivative Instruments
The fair value measurement of NVRM's undesignated derivative instruments was as follows:
 
 
June 30, 2019
 
December 31, 2018
Rate lock commitments:
 
 
 
 
Gross assets
 
$
19,151

 
$
13,831

Gross liabilities
 
199

 
345

Net rate lock commitments
 
$
18,952

 
$
13,486

Forward sales contracts:
 
 
 
 
Gross assets
 
$
215

 
$
64

Gross liabilities
 
6,850

 
10,121

Net forward sales contracts
 
$
(6,635
)
 
$
(10,057
)

Fair Value Measurement
The fair value measurement adjustment as of June 30, 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
 
$
878,701

 
$
4,796

 
$
5,231

 
$
8,925

 
$

 
$
18,952

Forward sales contracts
 
$
1,169,844

 

 

 

 
(6,635
)
 
(6,635
)
Mortgages held for sale
 
$
449,148

 
3,080

 
5,231

 
5,234

 

 
13,545

Total fair value measurement
 
 
 
$
7,876

 
$
10,462

 
$
14,159

 
$
(6,635
)
 
$
25,862