Fair Value (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Undesignated Derivative Instruments

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

	March 31, 2024		December 31, 2023
Rate lock commitments:
Gross assets	$	41,474	$	61,150
Gross liabilities	3,263		168
Net rate lock commitments	$	38,211	$	60,982
Forward sales contracts:
Gross assets	$	1,432	$	8
Gross liabilities	4,520		18,305
Net forward sales contracts	$	(3,088)	$	(18,297)

Fair Value Measurement

The fair value measurement as of March 31, 2024 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	$	2,098,953	$	3,864	$	8,141	$	26,206	$	—	$	38,211
Forward sales contracts	$	2,045,587	—		—		—		(3,088)		(3,088)
Mortgages held for sale	$	322,770	1,038		4,317		4,385		—		9,740
Total fair value measurement			$	4,902	$	12,458	$	30,591	$	(3,088)	$	44,863