Goodwill and Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible assets consist of the following (in thousands):

	December 31, 2013							December 31, 2012
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	139,767	$	(44,398	)	$	95,369	$	139,767	$	(26,838	)	$	112,929
Institutional relationships		34,800		(21,973	)		12,827		33,600		(10,398	)		23,202
Other		16,500		(2,290	)		14,210		8,500		(139	)		8,361
Total intangible assets	$	191,067	$	(68,661	)	$	122,406	$	181,867	$	(37,375	)	$	144,492

Estimated Amortization Expense

Based on the balance of intangible assets, net at December 31, 2013, the following is an estimate of amortization expense for each of the next five years and thereafter (in thousands):

	Amortization Expense
2014	$	18,903
2015		14,938
2016		11,710
2017		10,469
2018		9,373
Thereafter		57,013
Total	$	122,406

Summary of Reporting Units

A summary of the Step 1 tests prepared by the Company as of October 1, 2013, is provided below by reporting unit (dollars in thousands):

	Carrying Value		Estimated Fair Value		Excess Fair Value		%Excess
Originations	$	120,720	$	265,751	$	145,031		120	%
Reverse Mortgage		281,206		303,747		22,541		8	%
Insurance		132,376		136,101		3,725		3	%