Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 90

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 90
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 As percentage of originations for sale:Retail originations76 %70 %Veterans First originations24 30 Purchases77 %75 %Refinances23 25 Production Margin:Production revenue (B) (1) $9,941 $13,435 Total originations for sale (A)$460,453 $475,613 Add:  Current period end mandatory interest rate lock commitments to fund originations for sale (2)197,297 207,775 Less:  Prior period end mandatory interest rate lock commitments to fund originations for sale (2)103,946 119,624 Total mortgage production volume (C)$553,804 $563,764 Production margin (B/C)1.80 %2.38 %Mortgage Servicing:Loans serviced for others (D)$12,402,352 $12,051,392 MSRs, at fair value (E)196,307 201,044 Percentage of MSRs to loans serviced for others (E/D)1.58 %1.67 %Servicing income$10,611 $10,498 MSR Fair Value Asset ActivityMSR - FV at Beginning of Period$203,788 $192,456 MSR - current period capitalization4,669 5,379 MSR - collection of expected cash flows - paydowns(1,590)(1,444)MSR - collection of expected cash flows - payoffs and repurchases(3,046)(2,942)MSR - changes in fair value model assumptions(7,514)7,595 MSR Fair Value at end of period$196,307 $201,044 Summary of Mortgage Banking RevenueOperational:Production revenue (1)$9,941 $13,435 MSR - Current period capitalization4,669 5,379 MSR - Collection of expected cash flows - paydowns(1,590)(1,444)MSR - Collection of expected cash flows - pay offs(3,046)(2,942)Servicing Income10,611 10,498 Other Revenue(172)(91)Total operational mortgage banking revenue$20,413 $24,835 Fair Value:MSR - changes in fair value model assumptions$(7,514)$7,595 Gain (loss) on derivative contract held as an economic hedge,