Fair Value (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Undesignated Derivative Instruments

The fair value measurement of NVRM's undesignated derivative instruments was as follows:

	September 30, 2022		December 31, 2021
Rate lock commitments:
Gross assets	$	36,695	$	15,949
Gross liabilities	88,697		1,790
Net rate lock commitments	$	(52,002)	$	14,159
Forward sales contracts:
Gross assets	$	41,536	$	708
Gross liabilities	3,148		926
Net forward sales contracts	$	38,388	$	(218)

Fair Value Measurement

The fair value measurement as of September 30, 2022 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
Rate lock commitments	$	2,213,239	$	3,359	$	(85,498)	$	30,137	$	—	$	(52,002)
Forward sales contracts	$	2,446,322	—		—		—		38,388		38,388
Mortgages held for sale	$	330,501	710		(19,807)		4,690		—		(14,407)
Total fair value measurement			$	4,069	$	(105,305)	$	34,827	$	38,388	$	(28,021)

Fair Value Measurements, Recurring and Nonrecurring

The following table presents the estimated fair values and carrying values of our Senior Notes as of September 30, 2022 and December 31, 2021. The estimated fair value is based on recent market prices of similar transactions, which is classified as Level 2 within the fair value hierarchy.

	September 30, 2022		December 31, 2021
Estimated Fair Values:
3.95% Senior Notes due 2022	$	—	$	610,452
3.00% Senior Notes due 2030	735,804		942,192
Total	$	735,804	$	1,552,644
Carrying Values:
3.95% Senior Notes due 2022	$	—	$	599,553
3.00% Senior Notes due 2030	915,346		916,702
Total	$	915,346	$	1,516,255