XML 41 R26.htm IDEA: XBRL DOCUMENT
v3.25.1

Advances and Other Receivables (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Receivables [Abstract] |
Schedule of accounts receivable | Advances and other receivables, net, consists of the following:
Advances and Other Receivables, Net | March 31, 2025 |  | December 31, 2024
Servicing advances, net of $5 and $6 purchase discount, respectively | $ | 1,132 |  |  | $ | 1,410 |
Receivables from agencies, investors and prior servicers | 46 |  |  | 47 |
Reserves | (117) |  |  | (112) |
Total advances and other receivables, net | $ | 1,061 |  |  | $ | 1,345 |
The following table sets forth the activities of the servicing reserves for advances and other receivables:
|  | Three Months Ended March 31,
Reserves for Advances and Other Receivables |  | 2025 |  | 2024
Balance - beginning of period |  | $ | 112 |  |  | $ | 170 |
Provision(1) |  | 14 |  |  | 15 |
Reclassifications(2) |  | (1) |  |  | 9 |
Write-offs(3) |  | (8) |  |  | (50) |
Balance - end of period |  | $ | 117 |  |  | $ | 144 |
(1)The Company recorded a provision of $6 through the MTM adjustments in “revenues - service related, net” in the condensed consolidated statements of operations during the three months ended March 31, 2025 and 2024. (2)Reclassifications represent required reserves provisioned within other balance sheet accounts as associated serviced loans become inactive or liquidate. (3)Write-offs represent balances removed from the servicing platform during the respective periods, including fully reserved balances related to third-party settlements where further loss recovery of prior servicer errors is limited. The following tables set forth the activities of the purchase discounts for advances and other receivables:
| Three Months Ended March 31,
| 2025 |  | 2024
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 period | $ | 6 |  |  | $ | — |  |  | $ | 13 |  |  | $ | 6 |
Utilization of purchase discounts | (1) |  |  | — |  |  | (1) |  |  | (6) |
Balance - end of period | $ | 5 |  |  | $ | — |  |  | $ | 12 |  |  | $ | — |

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration