v3.26.1
GOODWILL AND INTANGIBLE ASSETS, NET
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [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 June 30, 2026 and December 31, 2025
$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)June 30,
2026		December 31,
2025		June 30,
2026		December 31,
2025		June 30,
2026		December 31,
2025
Definite lived intangible assets:
Customer related intangible assets9$213,912 $213,912 $(207,661)$(206,182)$6,251 $7,730 
Operating agreement2035,000 35,000 (28,729)(27,854)6,271 7,146 
Trademarks and trade names169,709 9,709 (8,383)(8,198)1,326 1,511 
Non-compete agreements2432 432 (165)(41)267 391 
Intellectual property1368 368 (245)(61)123 307 
Total$259,421 $259,421 $(245,183)$(242,336)$14,238 $17,085 
Amortization expense for definite lived intangible assets was $2.8 million and $2.5 million for the six months ended June 30, 2026 and 2025, respectively ($1.4 million and $1.3 million for the second quarter of 2026 and 2025, respectively). Forecasted
annual definite lived intangible asset amortization expense for 2026 through 2030 is $5.5 million, $4.9 million, $4.4 million, $2.1 million and $0.2 million, respectively.