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Fair Value (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Undesignated Derivative Instruments
The fair value measurement of NVRM's undesignated derivative instruments was as follows:
 
 
As of December 31,
 
 
2019
 
2018
Rate lock commitments:
 
 
 
 
Gross assets
 
$
8,132

 
$
13,831

Gross liabilities
 
497

 
345

Net rate lock commitments
 
$
7,635

 
$
13,486

Forward sales contracts:
 
 
 
 
Gross assets
 
$
377

 
$
64

Gross liabilities
 
920

 
10,121

Net forward sales contracts
 
$
(543
)
 
$
(10,057
)

Fair Value Measurement
The fair value measurement as of December 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
 
$
581,065

 
$
1,832

 
$
405

 
$
5,398

 
$

 
$
7,635

Forward sales contracts
 
$
986,041

 

 

 

 
(543
)
 
(543
)
Mortgages held for sale
 
$
485,106

 
1,976

 
(285
)
 
5,328

 

 
7,019

Total fair value measurement
 
$
3,808

 
$
120

 
$
10,726

 
$
(543
)
 
$
14,111