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Fair Value (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Undesignated Derivative Instruments
The fair value measurement of NVRM's undesignated derivative instruments was as follows:
As of December 31,
 20212020
Rate lock commitments:
Gross assets$15,949 $10,844 
Gross liabilities1,790 87 
Net rate lock commitments$14,159 $10,757 
Forward sales contracts:
Gross assets$708 $
Gross liabilities926 5,217 
Net forward sales contracts$(218)$(5,216)
Fair Value Measurement
The fair value measurement as of December 31, 2021 was as follows:
Notional or
Principal
Amount
Assumed
Gain
From Loan
Sale
Interest
Rate
Movement
Effect
Servicing
Rights
Value
Security
Price
Change
Total Fair
Value
Measurement
Gain/(Loss)
Rate lock commitments$1,028,451 $2,583 $(496)$12,072 $— $14,159 
Forward sales contracts$1,184,999 — — — (218)(218)
Mortgages held for sale$297,896 673 (866)4,489 — 4,296 
Total fair value measurement$3,256 $(1,362)$16,561 $(218)$18,237 
Fair Value Measurements, Recurring and Nonrecurring
The following table presents the estimated fair values and carrying values of our Senior Notes as of December 31, 2021 and December 31, 2020. The estimated fair value is based on recent market prices of similar transactions, which is classified as Level 2 within the fair value hierarchy. 
As of December 31,
20212020
Estimated Fair Values:
3.95% Senior Notes due 2022$610,452 $630,000 
3.00% Senior Notes due 2030942,192 982,620 
Total$1,552,644 $1,612,620 
Carrying Values:
3.95% Senior Notes due 2022$599,553 $598,925 
3.00% Senior Notes due 2030916,702 918,470 
Total$1,516,255 $1,517,395