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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of changes in goodwill
Changes in goodwill during the years ended December 31, 2022 and 2021 are summarized below:
(in thousands)Total
Balance as of January 1, 2021$73,849 
Write-off (1)
(17,889)
Balance as of December 31, 2021 and 2022
$55,960 
______________________________________
(1)    During 2021, the Company sold its equity interest in Pointillist (See Note 4 for additional information) which had $17.9 million of goodwill attributed to it. The amount of goodwill attributable to Pointillist was based on the relative fair values of Pointillist and the Company excluding Pointillist. Pointillist was determined to be a business within the Company’s existing reporting unit.
Changes in goodwill during the years ended December 31, 2022 and 2021 are summarized below:
(in thousands)Servicer and Real EstateOriginationCorporate and OthersTotal
Balance as of January 1, 2021$30,681 $25,279 $17,889 $73,849 
Write-off (1)
— — (17,889)(17,889)
Balance as of December 31, 2021 and 2022
$30,681 $25,279 $— $55,960 
______________________________________
(1)    During 2021, the Company sold its equity interest in Pointillist (See Note 4 for additional information) which had $17.9 million of goodwill attributed to it. The amount of goodwill attributable to Pointillist was based on the relative fair values of Pointillist and the Company excluding Pointillist. Pointillist was determined to be a business within the Company’s existing reporting unit.
Schedule of intangible assets, net
Intangible assets, net consist of the following as of December 31:
Weighted average estimated useful life (in years)
Gross carrying amountAccumulated amortizationNet book value
(in thousands)202220212022202120222021
Definite lived intangible assets:
Customer related intangible assets9$214,307 $214,307 $(197,594)$(194,594)$16,713 $19,713 
Operating agreement2035,000 35,000 (22,604)(20,854)12,396 14,146 
Trademarks and trade names169,709 9,709 (7,088)(6,709)2,621 3,000 
Total$259,016 $259,016 $(227,286)$(222,157)$31,730 $36,859