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Fair Value (Tables)
3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Undesignated Derivative Instruments The fair value measurement of NVRM's undesignated derivative instruments was as follows:
March 31, 2023December 31, 2022
Rate lock commitments:
Gross assets$46,992 $32,246 
Gross liabilities3,499 20,946 
Net rate lock commitments$43,493 $11,300 
Forward sales contracts:
Gross assets$912 $4,843 
Gross liabilities15,087 20,903 
Net forward sales contracts$(14,175)$(16,060)
Fair Value Measurement The fair value measurement as of March 31, 2023 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$2,263,642 $4,000 $12,007 $27,486 $— $43,493 
Forward sales contracts$2,227,677 — — — (14,175)(14,175)
Mortgages held for sale$313,813 757 554 4,124 — 5,435 
Total fair value measurement$4,757 $12,561 $31,610 $(14,175)$34,753