v3.24.3
GOODWILL AND INTANGIBLE ASSETS, NET
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET GOODWILL AND INTANGIBLE ASSETS, NET
Goodwill
The following is a summary of goodwill by segment:
(in thousands)Servicer and Real EstateOriginationCorporate and OthersTotal
Balance as of September 30, 2024 and December 31, 2023
$30,681 $25,279 $— $55,960 
Intangible Assets, net
Intangible assets, net consist of the following:
 
Weighted average estimated useful life
(in years)
Gross carrying amountAccumulated amortizationNet book value
(in thousands)September 30,
2024		December 31,
2023		September 30,
2024		December 31,
2023		September 30,
2024		December 31,
2023
Definite lived intangible assets:
Customer related intangible assets9$213,912 $214,307 $(202,481)$(200,656)$11,431 $13,651 
Operating agreement2035,000 35,000 (25,666)(24,354)9,334 10,646 
Trademarks and trade names169,709 9,709 (7,736)(7,458)1,973 2,251 
Total$258,621 $259,016 $(235,883)$(232,468)$22,738 $26,548 
Amortization expense for definite lived intangible assets was $3.8 million and $3.9 million for the nine months ended September 30, 2024 and 2023, respectively ($1.3 million and $1.4 million for the third quarter of 2024 and 2023, respectively). Forecasted annual definite lived intangible asset amortization expense for 2024 through 2028 is $5.1 million, $5.1 million, $4.9 million, $4.7 million and $4.4 million, respectively.