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SEGMENT REPORTING (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Schedule of Revenue by Major Customers by Reporting Segments | During the year ended December 31, 2021, Ocwen was our largest customer. Revenue from Ocwen as a percentage of segment and consolidated revenue was as follows:
|  | 2021 |  | 2020
Servicer and Real Estate |  | 49 | % |  | 64 | %
Origination |  | — | % |  | — | %
Corporate and Others |  | — | % |  | 32 | %
Consolidated revenue |  | 31 | % |  | 54 | %
Disaggregation of revenue | Disaggregation of total revenues by segment and major source is as follows:
|  | Twelve months ended December 31, 2021
(in thousands) |  | Revenue recognized when services are performed or assets are sold |  | Revenue related to technology platforms and professional services |  | Reimbursable expenses revenue |  | Total revenue
Servicer and Real Estate |  | $ | 98,610 |  |  | $ | 9,180 |  |  | $ | 5,846 |  |  | $ | 113,636 |
Origination |  | 59,245 |  |  | 42 |  |  | 709 |  |  | 59,996 |
Corporate and Others |  | — |  |  | 4,821 |  |  | — |  |  | 4,821 |
Total revenue |  | $ | 157,855 |  |  | $ | 14,043 |  |  | $ | 6,555 |  |  | $ | 178,453 |
|  | Twelve months ended December 31, 2020
(in thousands) |  | Revenue recognized when services are performed or assets are sold |  | Revenue related to technology platforms and professional services |  | Reimbursable expenses revenue |  | Total revenue
Servicer and Real Estate |  | $ | 277,792 |  |  | $ | 13,797 |  |  | $ | 16,138 |  |  | $ | 307,727 |
Origination |  | 54,189 |  |  | 97 |  |  | 147 |  |  | 54,433 |
Corporate and Others |  | 103 |  |  | 3,284 |  |  | — |  |  | 3,387 |
Total revenue |  | $ | 332,084 |  |  | $ | 17,178 |  |  | $ | 16,285 |  |  | $ | 365,547 |
Schedule of financial information of segments | Financial information for our segments is as follows:
|  | For the year ended December 31, 2021
(in thousands) |  | Servicer and Real Estate |  | Origination |  | Corporate and Others |  | Consolidated Altisource
Revenue |  | $ | 113,636 |  |  | $ | 59,996 |  |  | $ | 4,821 |  |  | $ | 178,453 |
Cost of revenue |  | 87,427 |  |  | 49,012 |  |  | 34,927 |  |  | 171,366 |
Gross profit (loss) |  | 26,209 |  |  | 10,984 |  |  | (30,106) |  |  | 7,087 |
Selling, general and administrative expenses |  | 12,557 |  |  | 5,702 |  |  | 48,790 |  |  | 67,049 |
Gain on sale of businesses |  | — |  |  | — |  |  | (88,930) |  |  | (88,930) |
Income from operations |  | 13,652 |  |  | 5,282 |  |  | 10,034 |  |  | 28,968 |
Total other income (expense), net |  | 8 |  |  | — |  |  | (13,691) |  |  | (13,683) |
Income (loss) before income taxes and non-controlling interests |  | $ | 13,660 |  |  | $ | 5,282 |  |  | $ | (3,657) |  |  | $ | 15,285 |
|  | For the year ended December 31, 2020
(in thousands) |  | Servicer and Real Estate |  | Origination |  | Corporate and Others |  | Consolidated Altisource
Revenue |  | $ | 307,727 |  |  | $ | 54,433 |  |  | $ | 3,387 |  |  | $ | 365,547 |
Cost of revenue |  | 206,501 |  |  | 42,839 |  |  | 55,854 |  |  | 305,194 |
Gross profit (loss) |  | 101,226 |  |  | 11,594 |  |  | (52,467) |  |  | 60,353 |
Selling, general and administrative expenses |  | 26,026 |  |  | 5,823 |  |  | 60,887 |  |  | 92,736 |
Restructuring charges |  | 1,347 |  |  | 351 |  |  | 10,274 |  |  | 11,972 |
Income (loss) from operations |  | 73,853 |  |  | 5,420 |  |  | (123,628) |  |  | (44,355) |
Total other income (expense), net |  | 8 |  |  | — |  |  | (13,359) |  |  | (13,351) |
Income (loss) before income taxes and non-controlling interests |  | $ | 73,861 |  |  | $ | 5,420 |  |  | $ | (136,987) |  |  | $ | (57,706) |
Total Assets Total assets for our segments are as follows:
(in thousands) |  | Servicer and Real Estate |  | Origination |  | Corporate and Others |  | Consolidated Altisource
Total assets: |  |  |  |  |  |  |  |
December 31, 2021 |  | $ | 61,832 |  |  | $ | 59,741 |  |  | $ | 136,235 |  |  | $ | 257,808 |
December 31, 2020 |  | 77,478 |  |  | 64,124 |  |  | 124,083 |  |  | 265,685 |
Summary of changes in goodwill | Changes in goodwill during the years ended December 31, 2021 and 2020 are summarized below:
(in thousands) |  | Total
Balance as of January 1, 2020 and December 31, 2020 |  | $ | 73,849 |
Write-off (1) |  | (17,889) |
Balance as of December 31, 2021 |  | $ | 55,960 |
______________________________________ (1) During 2021, the Company sold its equity interest in Pointillist (See Note 4 for additional information) which had $17.9 million of goodwill attributed to it. The amount of goodwill attributable to Pointillist was based on the relative fair values of Pointillist and the Company excluding Pointillist. Pointillist was determined to be a business within the Company’s existing reporting unit. Changes in goodwill during the years ended December 31, 2021 and 2020 are summarized below:
(in thousands) |  | Servicer and Real Estate |  | Origination |  | Corporate and Others |  | Total
Balance as of January 1, 2020 and December 31, 2020 |  | $ | 30,681 |  |  | $ | 25,279 |  |  | $ | 17,889 |  |  | $ | 73,849 |
Write-off (1) |  | — |  |  | — |  |  | (17,889) |  |  | (17,889) |
Balance as of December 31, 2021 |  | $ | 30,681 |  |  | $ | 25,279 |  |  | $ | — |  |  | $ | 55,960 |
______________________________________ (1) During 2021, the Company sold its equity interest in Pointillist (See Note 4 for additional information) which had $17.9 million of goodwill attributed to it. The amount of goodwill attributable to Pointillist was based on the relative fair values of Pointillist and the Company excluding Pointillist. Pointillist was determined to be a business within the Company’s existing reporting unit.

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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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