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Advances and Other Receivables | 12 Months Ended
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Dec. 31, 2023
Receivables [Abstract] |
Advances and Other Receivables | 6. Advances and Other Receivables Advances and other receivables, net consists of the following:
Advances and Other Receivables, Net | December 31, 2023 |  | December 31, 2022
Servicing advances, net of $13 and $12 purchase discount, respectively | $ | 1,065 |  |  | $ | 1,053 |
Receivables from agencies, investors and prior servicers, net o f $6 and $7 purchase discount | 101 |  |  | 103 |
Reserves | (170) |  |  | (137) |
Total advances and other receivables, net | $ | 996 |  |  | $ | 1,019 |
The following table sets forth the activities of the servicing reserves for advances and other receivables:
| Year Ended December 31,
Reserves for Advances and Other Receivables | 2023 |  | 2022
Balance - beginning of year | $ | 137 |  |  | $ | 167 |
Provision | 40 |  |  | 30 |
Reclassifications(1) | 27 |  |  | 36 |
Write-offs | (34) |  |  | (96) |
Balance - end of year | $ | 170 |  |  | $ | 137 |
(1)Reclassifications represent required reserves provisioned within other balance sheet accounts as associated serviced loans become inactive or liquidate. Purchase Discount for Advances and Other Receivables The following table sets forth the activities of the purchase discount for advances and other receivables:
| Year Ended December 31, 2023 |  | Year Ended December 31, 2022
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 | $ | 12 |  |  | $ | 7 |  |  | $ | 19 |  |  | $ | 12 |
Addition from acquisition(1) | 5 |  |  | — |  |  | — |  |  | — |
Utilization of purchase discounts | (4) |  |  | (1) |  |  | (7) |  |  | (5) |
Balance - end of year | $ | 13 |  |  | $ | 6 |  |  | $ | 12 |  |  | $ | 7 |
(1)In connection with the acquisition of Home Point in 2023, the Company recorded the acquired advances and other receivables at estimate fair value as of the acquisition date, which resulted in a purchase discount of $5. Refer to Note 3, Acquisitions, for discussion of the Home Point acquisition. Credit Loss for Advances and Other Receivables The following table sets forth the activities of the CECL allowance for advances and other receivables:
| Year Ended December 31,
CECL Allowance for Advances and Other Receivables | 2023 |  | 2022
Balance - beginning of year | $ | 36 |  |  | $ | 31 |
Provision | 1 |  |  | 10 |
Write-offs | (2) |  |  | (5) |
Balance - end of year(1) | $ | 35 |  |  | $ | 36 |
(1)As of December 31, 2023, $29 and $6 were included in reserves and purchase discount, respectively. As of December 31, 2022, $29 and $7 were included in reserves and purchase discount, respectively. The Company determined that the credit-related risk associated with applicable financial instruments typically increases with the passage of time. The CECL reserve methodology considers these financial instruments collectible to a point in time o f 39 months. An y projected remaining balance at the end of the collection period is considered a loss and factors into the overall CECL loss rate required.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent + Details
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