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GOODWILL AND INTANGIBLE ASSETS, NET
 12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET
GOODWILL AND INTANGIBLE ASSETS, NET
Goodwill
Goodwill was recorded in connection with the 2016 acquisition of Granite, the 2015 acquisitions of CastleLine Holdings, LLC and its subsidiaries, GoldenGator, LLC, REIsmart, LLC and Onit Solutions, LLC, the 2014 acquisition of certain assets and assumption of certain liabilities of Owners Advantage, LLC (“Owners”), the 2013 acquisition of the Homeward Residential, Inc. fee-based business, the 2011 acquisitions of Springhouse, LLC and Tracmail and the 2010 acquisition of MPA. See Note 5 for additional information on the 2016 acquisition (there were no acquisitions in 2018 or 2017). Changes in goodwill during the years ended December 31, 2018 and 2017 are summarized below:
(in thousands)
 
Mortgage Market
 
Real Estate Market
 
Other Businesses, Corporate and Eliminations
 
Total
 
 
 
 
 
 
 
 
 
Balance as of January 1 and December 31, 2017
 
$
73,259

 
$
10,056

 
$
2,968

 
$
86,283

Disposition
 
—

 
(2,256
)
 
—

 
(2,256
)
Write-off
 
—

 
(2,640
)
 
—

 
(2,640
)
 
 
 
 
 
 
 
 
 
Balance as of December 31, 2018
 
$
73,259

 
$
5,160

 
$
2,968

 
$
81,387


During 2018, goodwill was reduced by $2.3 million in connection with the sale of the rental property management business to RESI (see Note 4). Also during 2018, we recorded a $2.6 million write-off of goodwill attributable to the BRS business, as a result of our decision to discontinue the BRS business in the fourth quarter of 2018 (see Note 9).
Intangible Assets, Net
Intangible assets, net consist of the following as of December 31:
 
 
Weighted average estimated useful life (in years)
 
Gross carrying amount
 
Accumulated amortization
 
Net book value
(in thousands)
 
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Definite lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks and trade names
 
15
 
$
11,349

 
$
15,354

 
$
(6,244
)
 
$
(8,881
)
 
$
5,105

 
$
6,473

Customer related intangible assets
 
10
 
273,172

 
277,828

 
(207,639
)
 
(188,258
)
 
65,533

 
89,570

Operating agreement
 
20
 
35,000

 
35,000

 
(15,632
)
 
(13,865
)
 
19,368

 
21,135

Non-compete agreements
 
4
 
1,230

 
1,560

 
(1,026
)
 
(897
)
 
204

 
663

Intellectual property
 
10
 
300

 
300

 
(145
)
 
(115
)
 
155

 
185

Other intangible assets
 
5
 
3,745

 
3,745

 
(2,457
)
 
(1,706
)
 
1,288

 
2,039

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
$
324,796

 
$
333,787

 
$
(233,143
)
 
$
(213,722
)
 
$
91,653

 
$
120,065


Amortization expense for definite lived intangible assets was $28.4 million, $35.4 million and $47.6 million for the years ended December 31, 2018, 2017 and 2016, respectively. Expected annual definite lived intangible asset amortization expense for 2019 through 2023 is $20.4 million, $17.7 million, $11.6 million, $7.3 million and $6.3 million, respectively.