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Advances (Tables) | 9 Months Ended
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Sep. 30, 2020
Advances [Abstract] |
Schedule of Advances Paid on Behalf of Borrowers or on Foreclosed Properties |
| September 30, 2020 |  | December 31, 2019
Principal and interest | $ | 299,355 |  |  | $ | 414,846 |
Taxes and insurance | 342,704 |  |  | 422,383 |
Foreclosures, bankruptcy, REO and other | 196,623 |  |  | 229,219 |
| 838,682 |  |  | 1,066,448 |
Allowance for losses | (6,078) |  |  | (9,925) |
Advances, net | $ | 832,604 |  |  | $ | 1,056,523 |
Schedule of Activity in Advances | The following table summarizes the activity in net advances:
| Nine Months Ended September 30,
| 2020 |  | 2019
Beginning balance | $ | 1,056,523 |  |  | $ | 1,186,676 |
Asset acquisitions | 14 |  |  | 1,457 |
New advances | 667,577 |  |  | 394,964 |
Sales of advances | (604) |  |  | (747) |
Collections of advances and other | (894,753) |  |  | (557,868) |
Net decrease in allowance for losses (1) | 3,847 |  |  | 13,962 |
Ending balance | $ | 832,604 |  |  | $ | 1,038,444 |
(1) As disclosed in Note 1, there was no significant adjustment as of January 1, 2020 as a result of the adoption of ASU 2016-13. Servicing advances are generally expected to be fully reimbursed under the terms of the servicing agreements. The estimate for the allowance for losses is based on relevant qualitative and quantitative information about past events, including historical collection and loss experience, current conditions, and reasonable and supportable forecasts that affect collectability. The allowance for losses includes an estimate for claimable (with investors) but nonrecoverable expenses, for example due to servicer error, such as lack of reasonable documentation as to the type and amount of advances.
Schedule of Changes in Allowance For Losses |
Valuation Allowance - Loans Held for Sale at Lower of Cost or Fair Value | Three Months Ended September 30, |  | Nine Months Ended September 30,
2020 |  | 2019 |  | 2020 |  | 2019
Beginning balance | $ | 6,400 |  |  | $ | 10,057 |  |  | $ | 6,643 |  |  | $ | 11,569 |
Provision | (45) |  |  | 769 |  |  | 1,084 |  |  | 1,805 |
Transfer from Liability for indemnification obligations (Other liabilities) | 42 |  |  | 266 |  |  | 117 |  |  | 340 |
Sales of loans | (166) |  |  | (3,996) |  |  | (1,613) |  |  | (6,618) |
Ending balance | $ | 6,231 |  |  | $ | 7,096 |  |  | $ | 6,231 |  |  | $ | 7,096 |
Allowance for Losses | Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Beginning balance | $ | 7,820 |  |  | $ | 27,653 |  |  | $ | 9,925 |  |  | $ | 23,259 |
Provision | 2,173 |  |  | 729 |  |  | 5,944 |  |  | 4,532 |
Net charge-offs and other (1) | (3,915) |  |  | (19,085) |  |  | (9,791) |  |  | (18,494) |
Ending balance | $ | 6,078 |  |  | $ | 9,297 |  |  | $ | 6,078 |  |  | $ | 9,297 |
(1)$18.0 million allowance related to sold advances was reclassified in the third quarter of 2019 and presented as Other liabilities (Liability for indemnification obligations).

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- Definition Disclosure of accumulated prepayments made by financial institutions on behalf of borrowers for principal, interest, taxes (for example, property taxes) and insurance (for example, property and catastrophe) which will periodically be remitted to the lender, appropriate governmental agency(ies) or vendor(s) on behalf of the borrower. + References No definition available. + Details
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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447 + Details
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