Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 138

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 2
Chunk 138
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 to the sale of the Company’s RBA division within its wealth management business.

53

The table below presents additional selected information regarding mortgage banking for the respective periods.

Three Months Ended(Dollars in thousands)March 31,2025March 31,2024Originations:Retail originations$348,468 $331,504 Veterans First originations111,985 144,109 Total originations for sale (A)$460,453 $475,613 Originations for investment217,177 169,246 Total originations$677,630 $644,859 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