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GOODWILL AND INTANGIBLE ASSETS, NET
3 Months Ended
Mar. 31, 2023
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 March 31, 2023 and December 31, 2022
$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)March 31,
2023
December 31,
2022
March 31,
2023
December 31,
2022
March 31,
2023
December 31,
2022
Definite lived intangible assets:
Customer related intangible assets9$214,307 $214,307 $(198,343)$(197,594)$15,964 $16,713 
Operating agreement2035,000 35,000 (23,042)(22,604)11,958 12,396 
Trademarks and trade names169,709 9,709 (7,181)(7,088)2,528 2,621 
Total$259,016 $259,016 $(228,566)$(227,286)$30,450 $31,730 
Amortization expense for definite lived intangible assets was $1.3 million and $1.3 million for the three months ended March 31, 2023 and 2022, respectively. Forecasted annual definite lived intangible asset amortization expense for 2023 through 2027 is $5.1 million, $5.1 million, $5.1 million, $4.9 million and $4.7 million, respectively.