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Advances and Other Receivables, Net (Tables)
12 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
Schedule of Advances, Net
Advances and other receivables, net consists of the following:
 
Successor
 
December 31, 2019
 
December 31, 2018
Servicing advances, net of $131 and $205 discount, respectively
$
970

 
$
1,000

Receivables from agencies, investors and prior servicers, net of $21 and $48 discount, respectively
193

 
241

Reserves
(175
)
 
(47
)
Total advances and other receivables, net
$
988

 
$
1,194

The following table sets forth the activities of the purchase discount for advances and other receivables:
 
Successor
 
Year Ended December 31, 2019
 
Five Months Ended December 31, 2018
Purchase Discounts
Servicing Advances
 
Receivables from Agencies, Investors and Prior Servicers
 
Servicing Advances
 
Receivables from Agencies, Investors and Prior Servicers
Balance - beginning of period
$
205

 
$
48

 
$
246

 
$
56

Addition from acquisition
19

 

 

 

Utilization of purchase discounts
(93
)
 
(27
)
 
(41
)
 
(8
)
Balance - end of period
$
131

 
$
21

 
$
205

 
$
48

The following table sets forth the activities of the servicing reserves for advances and other receivables:
 
Successor
 
 
Predecessor
Reserves for Advances and Other Receivables
Year Ended December 31, 2019
 
Five Months Ended December 31, 2018
 
 
Seven Months Ended July 31, 2018
Balance - beginning of period
$
47

 
$

 
 
$
284

Provision and other additions(1)
160

 
47

 
 
69

Write-offs
(32
)
 

 
 
(56
)
Balance - end of period
$
175

 
$
47

 
 
$
297


(1) 
The Company recorded a provision of $62 and $25, and the Predecessor recorded a provision of $38 through the MTM adjustments in revenues - service related, net in the consolidated statements of operations for the year ended December 31, 2019, five months ended December 31, 2018 and seven months ended July 31, 2018, respectively, for inactive and liquidated loans that are no longer part of the MSR portfolio. Other additions represent reclassifications of required reserves provisioned within other balance sheet accounts as associated serviced loans become inactive or liquidate.