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GOODWILL AND INTANGIBLE ASSETS, NET | 3 Months Ended
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Mar. 31, 2024
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 March 31, 2024 and December 31, 2023 |  | $ | 30,681 |  |  | $ | 25,279 |  |  | $ | — |  |  | $ | 55,960 |
Intangible Assets, net Intangible assets, net consist of the following:
|  | Weighted average estimated useful life (in years) |  | Gross carrying amount |  | Accumulated amortization |  | Net book value
(in thousands) |  |  | March 31, 2024 |  | December 31, 2023 |  | March 31, 2024 |  | December 31, 2023 |  | March 31, 2024 |  | December 31, 2023
Definite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer related intangible assets |  | 9 |  | $ | 214,307 |  |  | $ | 214,307 |  |  | $ | (201,396) |  |  | $ | (200,656) |  |  | $ | 12,911 |  |  | $ | 13,651 |
Operating agreement |  | 20 |  | 35,000 |  |  | 35,000 |  |  | (24,792) |  |  | (24,354) |  |  | 10,208 |  |  | 10,646 |
Trademarks and trade names |  | 16 |  | 9,709 |  |  | 9,709 |  |  | (7,550) |  |  | (7,458) |  |  | 2,159 |  |  | 2,251 |
Total |  |  |  | $ | 259,016 |  |  | $ | 259,016 |  |  | $ | (233,738) |  |  | $ | (232,468) |  |  | $ | 25,278 |  |  | $ | 26,548 |
Amortization expense for definite lived intangible assets was $1.3 million and $1.3 million for the three months ended March 31, 2024 and 2023, 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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