Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 273

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 273
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” to the Consolidated Financial Statements in Item 8 for a summary of the changes in the carrying value of MSRs.

Mortgage banking revenue is also impacted by changes in the fair value of derivative contracts held to economically hedge a portion of the fair value adjustments related to the Company’s MSRs portfolio. The change in fair value of the derivative contracts held as an economic hedge during 2024 was a $7.9 million unfavorable valuation adjustment compared to a $1.3 

64

million favorable valuation adjustment in 2023. The table below presents additional selected information regarding mortgage banking for the respective periods.

Years Ended December 31,(Dollars in thousands)202420232022Originations:Retail originations$1,886,730 $1,387,423 $1,978,609 Veterans First originations738,184 574,782 820,391 Total originations for sale (A)$2,624,914 $1,962,205 $2,799,000 Originations for investment1,018,680 578,571 944,389 Total originations$3,643,594 $2,540,776 $3,743,389 As a percentage of originations for sale:Retail originations72 %71 %71 %Veterans First originations28 29 29 Purchases75 %83 %71 %Refinances25 17 29 Production Margin:Production revenue (B) (1)$48,531 $41,031 $44,153 Total originations for sale (A)2,624,914 1,962,205 2,799,000 Add: Current period end mandatory interest rate lock commitments to fund originations for sale (2)103,946 119,624 113,303 Less: Prior period end mandatory interest rate lock commitments to fund originations for sale (2)119,624 113,303 353,509 Total mortgage production volume (C)$2,609,236 $1,968,526 $2,558,794 Production margin (B / C)1.86 %2.08 %1.73 %Mortgage servicing:Loans serviced for others (D)$12,400,913 $12,007,165 $14,052,596 Mortgage servicing rights, at fair value (E)