Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 255

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 255
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 loans it originates and sells, for the unguaranteed portions of SBA 7(a) loans in the NSBF sponsored securitizations, and for the portfolios of ALP loans SBL services for the NCL JV (dissolved in September 2025), TSO JV sponsored securitization and Newtek ALP Holdings and its sponsored securitization. The following table summarizes the unpaid principle balance of loans serviced at September 30, 2025 and December 31, 2024:September 30, 2025December 31, 2024SBA 7(a)$1,770,719 $1,996,715 ALP 363,162 169,842 50448,385 12,475 Total loans serviced$2,182,266 $2,179,032 

The following table summarizes the fair value and valuation assumptions related to servicing assets at September 30, 2025 and December 31, 2024:September 30, 2025December 31, 2024WeightedRangeWeightedRangeUnobservable InputAmountAverageMinimumMaximumAmountAverageMinimumMaximumServicing assets at FV:$17,023 $22,062 Discount factor111.75 %11.75 %11.75 %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:30,540 24,195 Discount factor111.27 %10.75 %12.00 %12.97 %12.00 %13.50 %Cumulative prepayment rate34.98 %22.50 %50.00 %34.65 %22.50 %75.00 %Average cumulative default rate16.50 %5.00 %21.00 %18.90 %5.00 %20.00 %Total$47,563 $46,257 1 Determined based on risk spreads and observable secondary market transactions.

Refer to NOTE 9—FAIR VALUE MEASUREMENTS for a