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Advances and Other Receivables, Net (Tables) | 12 Months Ended
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Dec. 31, 2023
Receivables [Abstract] |
Schedule of Advances, Net | 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. 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. 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.

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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 -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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