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Other Assets
 9 Months Ended
Sep. 30, 2022
Other Assets [Abstract]  
Other Assets
Note 11 – Other Assets
 September 30, 2022December 31, 2021
Contingent loan repurchase asset$249,755 $403,740 
Derivative margin deposit26,104 2,024 
Derivatives, at fair value 24,760 21,675 
Prepaid expenses 20,791 21,498 
Intangible assets, net (net of accumulated amortization of $4.1 million and $0.7 million)
18,622 14,335 
REO9,968 10,075 
Prepaid lender fees, net 7,872 7,150 
Prepaid representation, warranty and indemnification claims - Agency MSR sale5,173 15,173 
Deferred tax asset, net3,323 3,329 
Security deposits900 1,174 
Other4,022 7,077 
 $371,290 $507,250 
Intangible assets, net are primarily comprised of a reverse subservicing contract intangible asset with an unamortized balance of $18.0 million and $13.7 million at September 30, 2022 and December 31, 2021, respectively. On April 1, 2022, PMC boarded approximately 19,000 reverse mortgage loans with a UPB of $4.1 billion onto our servicing platform under the five-year subservicing agreement executed on October 1, 2021 with Mortgage Assets Management, LLC (formerly known as Reverse Mortgage Solutions, Inc.) (MAM (RMS)). A purchase price of $6.9 million was paid on April 7, 2022 with the assumption of a liability for curtailments and $8.1 million was recognized as a subservicing contract intangible asset, based on its relative fair value, to be amortized ratably over the five-year term of the subservicing contract based on portfolio runoff. This boarding is in addition to approximately 40,000 reverse mortgage loans with a UPB of $9.1 billion boarded during the first quarter of 2022.