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GOODWILL AND INTANGIBLE ASSETS, NET | 12 Months Ended
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Dec. 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 Estate |  | Origination |  | Corporate and Others |  | Total
Balance as of December 31, 2023 and 2022 |  | $ | 30,681 |  |  | $ | 25,279 |  |  | $ | — |  |  | $ | 55,960 |
We determined that each reportable segment represents a reporting unit. Goodwill was allocated to each reporting unit based on the relative fair value of each of our reporting units. Intangible Assets, net Intangible assets, net consist of the following as of December 31:
|  | Weighted average estimated useful life (in years) |  | Gross carrying amount |  | Accumulated amortization |  | Net book value
(in thousands) |  |  | 2023 |  | 2022 |  | 2023 |  | 2022 |  | 2023 |  | 2022
Definite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer related intangible assets |  | 9 |  | $ | 214,307 |  |  | $ | 214,307 |  |  | $ | (200,656) |  |  | $ | (197,594) |  |  | $ | 13,651 |  |  | $ | 16,713 |
Operating agreement |  | 20 |  | 35,000 |  |  | 35,000 |  |  | (24,354) |  |  | (22,604) |  |  | 10,646 |  |  | 12,396 |
Trademarks and trade names |  | 16 |  | 9,709 |  |  | 9,709 |  |  | (7,458) |  |  | (7,088) |  |  | 2,251 |  |  | 2,621 |
Total |  |  |  | $ | 259,016 |  |  | $ | 259,016 |  |  | $ | (232,468) |  |  | $ | (227,286) |  |  | $ | 26,548 |  |  | $ | 31,730 |
Amortization expense for definite lived intangible assets was $5.2 million and $5.1 million for the years ended December 31, 2023 and 2022, respectively. Forecasted annual definite lived intangible asset amortization expense for 2024 through 2028 is $5.1 million, $5.1 million, $4.9 million, $4.7 million and $4.4 million, respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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