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GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Value of Goodwill by Reportable Segment
The following table summarizes the carrying value of goodwill by reportable segment:
Origination and ServicingInvestment PortfolioMortgage Loans ReceivableAsset ManagementTotal
Balance at December 31, 2023
$24,376 $5,092 $55,731 $46,658 $131,857 
Accumulated impairment loss— — — — — 
Balance at September 30, 2024
$24,376 $5,092 $55,731 $46,658 $131,857 
Schedule of Acquired Identifiable Intangible Assets The following table presents the details of identifiable intangible assets acquired:
Estimated Useful LifeAmount
Customer Relationships4.5$16,000 
Total Identifiable Intangible Assets$16,000 
The following table presents the details of identifiable intangible assets acquired:
Estimated Useful LifeAmount
Management contracts10$275,000 
Total Identifiable Intangible Assets$275,000 
The following table summarizes the acquired identifiable intangible assets:
Estimated Useful Lives (Years)September 30, 2024December 31, 2023
Gross Intangible Assets:
Management contracts10$275,000 $275,000 
Customer relationships
2 to 9
73,949 57,949 
Purchased technology(B)
3 to 7
139,964 137,922 
Trademarks / Trade names(C)
1 to 5
10,259 10,259 
499,172 481,130 
Accumulated Amortization(A):
Management contracts24,015 3,388 
Customer relationships23,062 17,834
Purchased technology104,315 67,145
Trademarks / Trade names5,728 4,843
157,120 93,210 
Intangible Assets, Net:
Management contracts250,985 271,612 
Customer relationships50,887 40,115 
Purchased technology(B)
35,649 70,777 
Trademarks / Trade names(C)
4,531 5,416 
$342,052 $387,920 
(A)Amortization expense is presented within general and administrative expenses in the consolidated statements of operations.
(B)Includes indefinite-lived intangible assets of $21.4 million as of September 30, 2024 and December 31, 2023.
(C)Includes indefinite-lived intangible assets of $1.9 million as of September 30, 2024 and December 31, 2023.
Schedule of Expected Future Amortization Expense for Acquired Intangible Assets
The following table summarizes the expected future amortization expense for acquired intangible assets as of September 30, 2024:
Year EndingAmortization Expense
October 1 through December 31, 2024$14,090 
202549,267 
202640,465 
202735,738 
202835,289 
2029 and thereafter143,962 
$318,811