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Segment Information
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment Information
16. Segment Information

The Company’s segments are based upon the Company’s organizational structure, which focuses primarily on the services offered. Corporate functional expenses are allocated to individual segments based on the actual cost of services performed, direct resource utilization, estimate of percentage use for shared services or headcount percentage for certain functions. Facility costs are allocated to individual segments based on cost per headcount for specific facilities utilized. Group insurance costs are allocated to individual segments based on global cost per headcount. Non-allocated corporate expenses include the administrative costs of executive management and other corporate functions that are not directly attributable to Company’s operating segments. Revenues generated on inter-segment services performed are valued based on similar services provided to external parties.
In the second quarter of 2020, the Company updated its presentation of segment assets to be aligned with a change in the reporting package provided to the Chief Operating Decision Maker. The presentation change had no impact on the segments' operations. Assets allocated to the Servicing segment include MSRs; advances and other receivables, except for co-issue MSR holdback; Servicing related mortgage loans held for sale; and other assets including property, plant and equipment, lease-related assets, prepaid assets, and goodwill. Assets allocated to Originations segment include co-issue MSR holdback in advances and other receivables; Originations related mortgage loans held for sale; derivative assets; and other assets including property, plant and equipment, lease-related assets, prepaid assets, and goodwill. Assets allocated to the Xome segment include cash and cash equivalents; tax-related assets; receivables; and other assets including property, plant and equipment, lease-related assets, prepaid assets, goodwill, and other intangible assets. All assets that are not specifically identified or allocated to a reporting segment are reported as part of Corporate/Other and include cash and cash equivalents; tax-related assets; and intangibles assets excluding goodwill and assets allocated to Xome. Eliminations are also included in Corporate/Other. Prior year financial information has been adjusted retrospectively to reflect the updated presentation.

The following tables present financial information by segment:
 Three Months Ended March 31, 2021
Financial Information by SegmentServicingOriginationsXomeCorporate/OtherConsolidated
Revenues
Service related, net$449 $43 $96 $— $588 
Net gain on mortgage loans held for sale127 552 — — 679 
Total revenues576 595 96 — 1,267 
Total expenses125 231 87 26 469 
Interest income66 23 — — 89 
Interest expense(104)(25)— (30)(159)
Total other expenses, net(38)(2)— (30)(70)
Income (loss) before income tax expense (benefit)$413 $362 $9 $(56)$728 
Depreciation and amortization for property and equipment and intangible assets$5 $4 $3 $4 $16 
Total assets $16,696 $5,559 $120 $2,338 $24,713 

Three Months Ended March 31, 2020
Financial Information by SegmentServicingOriginationsXomeCorporate/OtherConsolidated
Revenues
Service related, net$(180)$20 $106 $1 $(53)
Net gain on mortgage loans held for sale34 297 — — 331 
Total revenues(146)317 106 1 278 
Total expenses149 166 96 33 444 
Interest income83 34 — 1 118 
Interest expense(113)(27)— (52)(192)
Other income, net— — 1 — 1 
Total other (expenses) income, net(30)7 1 (51)(73)
(Loss) income before income tax (benefit) expense$(325)$158 $11 $(83)$(239)
Depreciation and amortization for property and equipment and intangible assets$3 $3 $3 $10 $19 
Total assets $10,619 $4,459 $135 $2,400 $17,613