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Basis of Presentation - Intangible Assets – Activity (Details) $ in Thousands | 9 Months Ended
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Sep. 30, 2020 USD ($)
Finite-lived Intangible Assets [Roll Forward] |
Carrying Value at September 30, 2020 | $ 60,737
5 Arches LLC and CoreVest |
Finite-lived Intangible Assets [Roll Forward] |
Carrying Value at December 31, 2019 | 72,789
Additions | 0
Amortization Expense | (12,052)
Carrying Value at September 30, 2020 | $ 60,737
Weighted Average Amortization Period (in years) | 6 years
5 Arches LLC and CoreVest | Borrower network |
Finite-lived Intangible Assets [Roll Forward] |
Carrying Value at December 31, 2019 | $ 43,952
Additions | 0
Amortization Expense | (4,854)
Carrying Value at September 30, 2020 | $ 39,098
Weighted Average Amortization Period (in years) | 7 years
5 Arches LLC and CoreVest | Broker network |
Finite-lived Intangible Assets [Roll Forward] |
Carrying Value at December 31, 2019 | $ 15,083
Additions | 0
Amortization Expense | (2,715)
Carrying Value at September 30, 2020 | $ 12,368
Weighted Average Amortization Period (in years) | 5 years
5 Arches LLC and CoreVest | Non-compete agreements |
Finite-lived Intangible Assets [Roll Forward] |
Carrying Value at December 31, 2019 | $ 8,236
Additions | 0
Amortization Expense | (2,375)
Carrying Value at September 30, 2020 | $ 5,861
Weighted Average Amortization Period (in years) | 3 years
5 Arches LLC and CoreVest | Tradenames |
Finite-lived Intangible Assets [Roll Forward] |
Carrying Value at December 31, 2019 | $ 3,472
Additions | 0
Amortization Expense | (1,000)
Carrying Value at September 30, 2020 | $ 2,472
Weighted Average Amortization Period (in years) | 3 years
5 Arches LLC and CoreVest | Developed technology |
Finite-lived Intangible Assets [Roll Forward] |
Carrying Value at December 31, 2019 | $ 1,613
Additions | 0
Amortization Expense | (675)
Carrying Value at September 30, 2020 | $ 938
Weighted Average Amortization Period (in years) | 2 years
5 Arches LLC and CoreVest | Loan administration fees on existing loan assets |
Finite-lived Intangible Assets [Roll Forward] |
Carrying Value at December 31, 2019 | $ 433
Additions | 0
Amortization Expense | (433)
Carrying Value at September 30, 2020 | $ 0
Weighted Average Amortization Period (in years) | 1 year

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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6388964&loc=d3e16225-109274 + Details
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- Definition Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 926 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=120154696&loc=d3e54445-107959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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