Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 110

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 110
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 fair value and valuation assumptions related to servicing assets at March 31, 2025 and December 31, 2024:March 31, 2025December 31, 2024WeightedRangeWeightedRangeUnobservable InputAmountAverageMinimumMaximumAmountAverageMinimumMaximumServicing assets at FV:$20,215 $22,062 Discount factor112.00 %12.00 %12.00 %12.00 %12.00 %12.00 %Cumulative prepayment rate22.50 %22.50 %22.50 %22.50 %22.50 %22.50 %Average cumulative default rate21.00 %21.00 %21.00 %21.00 %21.00 %21.00 %Servicing assets at LCM:24,410 24,195 Discount factor112.00 %12.00 %12.00 %12.97 %12.00 %13.50 %Cumulative prepayment rate22.50 %22.50 %22.50 %34.65 %22.50 %75.00 %Average cumulative default rate21.00 %21.00 %21.00 %18.90 %5.00 %20.00 %Total$44,625 $46,257 1 Determined based on risk spreads and observable secondary market transactions.

Refer to NOTE 8—FAIR VALUE MEASUREMENTS for a rollforward of servicing assets, at fair value. The following tables show a rollforward of servicing assets, at LCM for the three months ended March 31, 2025 and 2024: Servicing Assets, at LCMMarch 31, 2025December 31, 2024$24,195 Amortization1(1,805)Additions22,020 Impairment assessment— March 31, 2025$24,410 1 Included within Net loss on loan servicing assets in the Consolidated Statements of Income 2 Included within Net gains on sales of loans in the Consolidated Statements of Income

F-30

Servicing Assets, at LCMMarch 31, 2024December 31, 2023$10,389 Amortization1(589)Additions23,771 Impairment assessment—