Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

10. Goodwill and Intangible Assets

Goodwill

The table below presents changes in the carrying amount of goodwill:


	Successor
	Year Ended December 31,
Goodwill	2020		2019
Balance - beginning of year	$	120	$	23
Addition from acquisitions	—		42
Measurement period adjustment related to merger	—		55
Balance - end of year	$	120	$	120

During the years ended December 31, 2020 and 2019, the Company performed a quantitative and qualitative assessment, respectively, of its reporting units and determined that no impairment of goodwill existed. As of December 31, 2020 and 2019, $80, $28 and $12 of the goodwill is assigned to the Servicing, Originations and Xome segments, respectively. Goodwill is recorded in other assets within the consolidated balance sheets.

Intangible Assets

The following tables present the composition of intangible assets:


	Successor
	December 31, 2020
Intangible Assets	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Remaining Life in Years
Customer relationships	$	86	$	(65)	$	21	5.5
Technology	39		(30)		9		1.8
Trade name	8		(4)		4		2.6
Total intangible assets	$	133	$	(99)	$	34	4.2


	Successor
	December 31, 2019
Intangible Assets	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Remaining Life in Years
Customer relationships	$	90	$	(45)	$	45	5.9
Technology	46		(23)		23		2.9
Trade name	8		(2)		6		3.6
Other	1		(1)		—		2.8
Total intangible assets	$	145	$	(71)	$	74	4.7

Intangible assets are recorded in other assets within the consolidated balance sheets.

The Company recognized $32 and $50 of amortization expense related to intangible assets during the years ended December 31, 2020 and 2019, respectively.

During the years ended December 31, 2020 and 2019, in connection with an ancillary business, the Company recorded a $10 and $7 impairment of technology and other intangible assets within Corporate/Other, respectively. The impairment charges were included in the general and administrative expenses in the consolidated statements of operations.

The following table presents the estimated aggregate amortization expense for existing amortizable intangible assets for the years indicated:


Year Ending December 31,	Amount
2021	$	14
2022	10
2023	6
2024	1
2025	1
Thereafter	2
Total future amortization expense	$	34