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GOODWILL AND INTANGIBLE ASSETS (Tables) | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table summarizes the carrying value of goodwill by reportable segment:
|  | Origination and Servicing |  | Residential Transitional Lending |  | Asset Management |  | Total
Balance at December 31, 2024 |  | 29,468 |  |  | 55,731 |  |  | 48,633 |  |  | 133,832 |
Impairment loss |  | — |  |  | — |  |  | — |  |  | — |
Balance at March 31, 2025 |  | $ | 29,468 |  |  | $ | 55,731 |  |  | $ | 48,633 |  |  | $ | 133,832 |
Schedule of Acquired Intangible Assets | The following table presents the details of identifiable intangible assets acquired:
| Estimated Useful Life |  | Amount
Customer Relationships | 4.5 |  | $ | 16,000 |
Total Identifiable Intangible Assets |  |  | $ | 16,000 |
The following table summarizes the acquired identifiable intangible assets:
| Estimated Useful Lives (Years) |  | March 31, 2025 |  | December 31, 2024
Gross Intangible Assets: |  |  |  |  |
Management contracts | 10 |  | $ | 275,000 |  |  | $ | 275,000 |
Customer relationships | 2 to 9 |  | 79,753 |  |  | 79,753 |
Purchased technology | 3 to 7 |  | 109,539 |  |  | 105,567 |
Trademarks / Trade names(A) | 1 to 5 |  | 10,259 |  |  | 10,259 |
Licenses | Indefinite |  | 21,365 |  |  | 21,365 |
|  |  | 495,916 |  |  | 491,944 |
Accumulated Amortization: |  |  |  |  |
Management contracts |  |  | 37,716 |  |  | 30,940 |
Customer relationships |  |  | 32,318 |  |  | 25,773 |
Purchased technology |  |  | 100,671 |  |  | 97,259 |
Trademarks / Trade names |  |  | 6,318 |  |  | 6,023 |
|  |  | 177,023 |  |  | 159,995 |
Intangible Assets, Net: |  |  |  |  |
Management contracts |  |  | 237,284 |  |  | 244,060 |
Customer relationships |  |  | 47,435 |  |  | 53,980 |
Purchased technology |  |  | 8,868 |  |  | 8,308 |
Trademarks / Trade names(A) |  |  | 3,941 |  |  | 4,236 |
Licenses |  |  | 21,365 |  |  | 21,365 |
|  |  | $ | 318,893 |  |  | $ | 331,949 |
(A)Includes indefinite-lived intangible assets of $1.9 million as of March 31, 2025 and December 31, 2024.
Schedule of Intangible Asset Amortization Expense | The following table summarizes the amortization expense recorded by the Company related to its intangible assets. Amortization expense related to intangible assets is included in general and administrative in the consolidated statements of operations.
|  | Three Months Ended March 31, |  |
|  | 2025 |  | 2024 |  |  |  |  |  |
Amortization expense |  | $ | 13,056 |  |  | $ | 18,953 |  |  |  |  |  |  |
Schedule of Intangible Assets, Future Amortization Expense | The following table summarizes the expected future amortization expense for intangible assets as of March 31, 2025:
Year Ending |  | Amortization Expense
2026 |  | $ | 36,244 |
2027 |  | 41,073 |
2028 |  | 36,888 |
2029 |  | 36,317 |
2030 |  | 35,898 |
2031 and thereafter |  | 109,232 |
|  | $ | 295,652 |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
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