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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
9 Months Ended
Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of changes in goodwill
The following is a summary of goodwill by segment:
(in thousands)
 
Mortgage
Services(1)
 
Financial
Services
 
Technology
Services
 
Total
 
 
 
 
 
 
 
 
 
Balance, December 31, 2013
 
$
12,958

 
$
2,378

 
$
84,078

 
$
99,414

Acquisition of Mortgage Builder
 

 

 
10,443

 
10,443

Impairment of Equator goodwill (2)
 

 

 
(37,473
)
 
(37,473
)
 
 
 
 
 
 
 
 
 
Balance, September 30, 2014
 
$
12,958

 
$
2,378

 
$
57,048

 
$
72,384

                                                                 
(1) December 31, 2013 goodwill has been revised to reflect a purchase accounting measurement period adjustment related to
the Homeward acquisition.  See Note 3.

(2) See Note 3 for a discussion of the Equator goodwill impairment.
Schedule of intangible assets, net
Intangible assets, net consist of the following:
 
 
Weighted
average
estimated
useful life (in years)
 
Gross carrying amount
 
Accumulated amortization
 
Net book value
(in thousands)
 
 
September 30,
2014
 
December 31,
2013
 
September 30,
2014
 
December 31,
2013
 
September 30,
2014
 
December 31,
2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Definite lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks
 
14
 
$
12,249

 
$
12,249

 
$
(4,889
)
 
$
(4,534
)
 
$
7,360

 
$
7,715

Customer-related intangible assets
 
10
 
287,627

 
284,484

 
(71,788
)
 
(44,208
)
 
215,839

 
240,276

Operating agreement
 
20
 
35,000

 
35,000

 
(8,166
)
 
(6,854
)
 
26,834

 
28,146

Non-compete agreement
 
4
 

 
1,300

 

 
(1,275
)
 

 
25

Intellectual property
 
10
 
300

 

 
(18
)
 

 
282

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
$
335,176

 
$
333,033

 
$
(84,861
)
 
$
(56,871
)
 
$
250,315

 
$
276,162