Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 274

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 274
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203,788 192,456 230,225 Percentage of mortgage servicing rights to loans serviced for others (E/D)1.64 %1.60 %1.64 %Servicing income42,624 43,563 44,080 MSR Fair Value Asset ActivityMSR - FV at Beginning of Period$192,456 $230,225 $147,571 MSR - current period rights sold— (30,170)— MSR - current period capitalization29,969 28,610 46,221 MSR - collection of expected cash flows - paydowns(6,009)(6,284)(6,213)MSR - collection of expected cash flows - payoffs and repurchases(17,017)(10,776)(17,418)MSR - changes in fair value model assumptions4,389 (19,149)60,064 MSR Fair Value at end of period$203,788 $192,456 $230,225 Summary of Mortgage Banking RevenueOperational:Production revenue (1)$48,531 $41,031 $44,153 MSR - Current period capitalization29,969 28,610 46,221 MSR - Collection of expected cash flows - paydowns(6,009)(6,284)(6,213)MSR - Collection of expected cash flows - pay offs(17,017)(10,776)(17,418)Servicing income42,624 43,563 44,080 Other revenue(97)384 176 Total operational mortgage banking revenue$98,001 $96,528 $110,999 Fair Value:MSR - changes in fair value model assumptions$4,389 $(19,149)$60,064 (Loss) gain on derivative contract held as an economic hedge, net(7,909)1,280 (2,165)Changes in FV on early buy-out loans guaranteed by US Govt (HFS)(1,268)4,414 (13,725)Total fair value mortgage banking revenue$(4,788)$(13,455)$44,174 Total mortgage banking revenue$93,213 $83,073 $155,173 

(1)Production revenue represents revenue earned from the origination and subsequent sale of mortgages, including gains on loans sold and fees from originations, changes in