Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 46

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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MaximumAmountAverageMinimumMaximumServicing 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 rollforward of servicing assets, at fair value. The following tables show a rollforward of servicing assets, at LCM for the nine months ended September 30, 2025 and 2024: Servicing Assets, at LCMSeptember 30, 2025September 30, 2024Balance at beginning of the period$24,195 $10,389 Amortization1(7,461)(2,959)Additions213,806 14,715 Impairment assessment— — Balance at end of the period$30,540 $22,145 1    Included within Net loss on loan servicing assets in the Consolidated Statements of Income2    Included within Net gains on sales of loans in the Consolidated Statements of Income

Servicing income earned for the three and nine months ended September 30, 2025 and 2024 was as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Servicing income$6,076$4,958$17,655$14,922

F-39

NOTE 8