Other income and operating expenses

3 Months Ended

Mar. 31, 2024

Other income and operating expenses

Other income and operating expenses

Note 19. Other income and operating expenses

The table below presents the composition of other income and operating expenses.

	Three Months Ended March 31,
(in thousands)	2024		2023
Other income:
Origination income	$	2,657	$	4,612
Change in repair and denial reserve		(1,207)		(199)
Employee retention credit consulting income		2,491		9,675
Other		11,439		5,764
Total other income	$	15,380	$	19,852
Other operating expenses:
Origination costs		1,814		1,655
Technology expense		2,593		1,512
Impairment on real estate		16,972		3,418
Rent and property tax expense		2,318		1,068
Recruiting, training and travel expense		707		631
Marketing expense		399		312
Bad debt expense - ERC		1,813		—
Other		3,571		4,013
Total other operating expenses	$	30,187	$	12,609