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Fair Value (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Undesignated Derivative Instruments
The fair value measurement of NVRM's undesignated derivative instruments was as follows:
As of December 31,
 20222021
Rate lock commitments:
Gross assets$32,246 $15,949 
Gross liabilities20,946 1,790 
Net rate lock commitments$11,300 $14,159 
Forward sales contracts:
Gross assets$4,843 $708 
Gross liabilities20,903 926 
Net forward sales contracts$(16,060)$(218)
Fair Value Measurement
The fair value measurement as of December 31, 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
Gain/(Loss)
Rate lock commitments$1,607,055 $2,213 $(12,034)$21,121 $— $11,300 
Forward sales contracts$1,752,852 — — — (16,060)(16,060)
Mortgages held for sale$319,481 162 (7,483)4,646 — (2,675)
Total fair value measurement$2,375 $(19,517)$25,767 $(16,060)$(7,435)
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, 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. 
As of December 31,
20222021
Estimated Fair Values:
3.95% Senior Notes due 2022$— $610,452 
3.00% Senior Notes due 2030788,166 942,192 
Total$788,166 $1,552,644 
Carrying Values:
3.95% Senior Notes due 2022$— $599,553 
3.00% Senior Notes due 2030914,888 916,702 
Total$914,888 $1,516,255