| Fee Income |
Fee income consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended December 31, 2022 |
|
For the nine months ended December 31, 2021 |
|
|
For the three months ended March 31, 2021 |
|
For the year ended December 31, 2020 |
|
Successor |
|
|
Predecessor |
| Title premium |
$ |
113,254
|
|
|
$ |
136,530 |
|
|
|
$ |
40,934 |
|
|
$ |
104,374 |
|
| Loan origination fees |
110,701
|
|
|
120,603 |
|
|
|
35,847 |
|
|
127,799 |
|
Ancillary fee income(1)
|
55,680
|
|
|
66,999 |
|
|
|
39,447 |
|
|
90,016 |
|
| Loan servicing fees, net |
47,900
|
|
|
52,439 |
|
|
|
15,204 |
|
|
31,153 |
|
| Change in fair value of MSR |
14,348
|
|
|
(18,400) |
|
|
|
20,739 |
|
|
4,562 |
|
| Underwriting fees |
11,361
|
|
|
17,004 |
|
|
|
6,897 |
|
|
23,901 |
|
| Capital markets advisory fee income |
8,822
|
|
|
10,530 |
|
|
|
1,685 |
|
|
6,245 |
|
| Other fee income |
64
|
|
|
360 |
|
|
|
618 |
|
|
1,819 |
|
| Total fee income |
$ |
362,130
|
|
|
$ |
386,065 |
|
|
|
$ |
161,371 |
|
|
$ |
389,869 |
|
(1) Ancillary fee income includes closing services, student and consumer loan origination services, fulfillment services, and MSR trade brokerage, valuation, and other services.
|