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Advances and Other Receivables, Net (Tables) | 12 Months Ended
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Dec. 31, 2020
Receivables [Abstract] |
Schedule of Advances, Net | Advances and other receivables, net consists of the following:
| Successor
Advances and Other Receivables, Net | December 31, 2020 |  | December 31, 2019
Servicing advances, net of $72 and $131 purchase discount, respectively | $ | 975 |  |  | $ | 970 |
Receivables from agencies, investors and prior servicers, net o f $21 and $21 purchase discount, respectively | 173 |  |  | 193 |
Reserves | (208) |  |  | (175) |
Total advances and other receivables, net | $ | 940 |  |  | $ | 988 |
The following table sets forth the activities of the servicing reserves for advances and other receivables:
| Successor
| Year Ended December 31,
Reserves for Advances and Other Receivables | 2020 |  | 2019
Balance - beginning of year(1) | $ | 168 |  |  | $ | 47 |
Provision and other additions(2) | 108 |  |  | 160 |
Write-offs | (68) |  |  | (32) |
Balance - end of year | $ | 208 |  |  | $ | 175 |
(1)As described in Note 1, Nature of Business and Basis of Presentation, the Company recorded a transition adjustment of $7 to the advances and other receivables reserve as of January 1, 2020 for the cumulative effect of adopting ASU 2016-13. (2)The Company recorded a provision of $28 and $62 through the MTM adjustments in revenues - service related, net, in the consolidated statements of operations during the years ended December 31, 2020 and 2019, respectively, for inactive and liquidated loans that are no longer part of the MSR portfolio. Other additions represent reclassifications of required reserves provisioned within other balance sheet accounts as associated serviced loans become inactive or liquidate. The following table sets forth the activities of the purchase discount for advances and other receivables:
| Successor
| Year Ended December 31, 2020 |  | Year Ended December 31, 2019
Purchase Discount for Advances and Other Receivables | Servicing Advances |  | Receivables from Agencies, Investors and Prior Servicers |  | Servicing Advances |  | Receivables from Agencies, Investors and Prior Servicers
Balance - beginning of year | $ | 131 |  |  | $ | 21 |  |  | $ | 205 |  |  | $ | 48 |
Addition from acquisition | — |  |  | — |  |  | 19 |  |  | — |
Utilization of purchase discounts | (59) |  |  | — |  |  | (93) |  |  | (27) |
Balance - end of year | $ | 72 |  |  | $ | 21 |  |  | $ | 131 |  |  | $ | 21 |

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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