Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 266

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 266
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 payments(258)— (655)— Settlement of IRLCs upon acquisition or origination of loans HFS— (5,395)— (14,042)Change in fair value(62)10 30 10 Realization of cash flows(37)— (114)— Balance, end of period$1,011 $10 $1,011 $10 Changes in unrealized gains for the period (2)$(61)$10 $(25)$10 (1)     IRLC asset and liability positions are presented net.(2)    Amounts recognized as part of non-interest income.

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The significant unobservable inputs used in the fair value measurements of these Level 3 assets and liabilities were as follows:September 30, 2025Asset/liabilityKey inputsRangeWeighted averageMSRs:Option adjusted spread (in basis points)264 - 306303 Conditional prepayment rate (1)6.3% - 15.4%11.9 %Recapture rate0.0% - 55.0%25.8 %Servicing fee rate (in basis points)25.0 - 56.537.5 Cost to service$77 - $83$79 Loans HFS:Lifetime liquidation probability1.6% to 8.0%3.4 %IRLCs:Servicing fee multiple4.4 - 6.35.2 Pull-through rate73% - 100%89 %December 31, 2024Asset/liabilityKey inputsRangeWeighted averageMSRs:Option adjusted spread (in basis points)21 - 315237 Conditional prepayment rate (1)8.4% - 19.0%14.0 %Recapture rate20.0% - 20.0%20.0 %Servicing fee rate (in basis points)25.0 - 56.536.4 Cost to service$75 - $95$82 IRLCs:Servicing fee multiple4.3 - 6.45.3 Pull-through rate76% - 100%92 %(1)    Lifetime total prepayment speed annualized. The following is a summary of the difference between the aggregate fair value and the aggregate UPB of loans HFS for which the FVO has been elected:September 30, 2025December 31, 2024Fair