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Segment Information
 6 Months Ended
Jun. 30, 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.
On June 30, 2021, the Company closed the previously announced sale of title business to Blend Labs. Pursuant to the Stock Purchase Agreement, all cash generated, subject to certain adjustments, between March 13, 2021 and the closing date of the Title Transaction, were held for the benefit of Blend Labs. The title business was reported in the Company’s Xome segment. See Note 1, Nature of Business and Basis of Presentation for further details. The Company recorded a $487 gain in the second quarter of 2021 upon closing of the transaction. The gain was included in other income, net in the condensed statements of operations and reported under the Xome segment.

On July 1, 2021, the Company entered into a definitive agreement for the sale of its reverse servicing portfolio, operating under the Champion Mortgage brand, to Mortgage Assets Management, LLC and its affiliates. The reverse servicing operation was previously reported in the Company’s Servicing segment. The reverse servicing operation is presented as discontinued operations in Company’s condensed consolidated financial statements for all periods presented and as such is not included in the continuing operations of the Servicing segment. Refer to Note 2, Discontinued Operations for further details. As of June 30, 2021 and December 31, 2020, total assets of discontinued operations was $4,935 and $5,347, respectively.

The following tables present financial information by segment:
 Three Months Ended June 30, 2021
Financial Information by SegmentServicingOriginationsXomeCorporate/OtherConsolidated
Revenues
Service related, net$(92)$45 $39 $— $(8)
Net gain on mortgage loans held for sale197 385 — — 582 
Total revenues105 430 39 — 574 
Total expenses121 226 45 33 425 
Interest income25 26 — — 51 
Interest expense(65)(23)— (31)(119)
Other income, net— — 486 — 486 
Total other (expenses) income, net(40)3 486 (31)418 
(Loss) Income from continuing operations before income tax (benefit) expense$(56)$207 $480 $(64)$567 
Depreciation and amortization for property and equipment and intangible assets from continuing operations$7 $6 $3 $— $16 
Total assets $15,973 $4,582 $573 $2,180 $23,308 

Three Months Ended June 30, 2020
Financial Information by SegmentServicingOriginationsXomeCorporate/OtherConsolidated
Revenues
Service related, net$(126)$21 $106 $(1)$— 
Net gain on mortgage loans held for sale45 573 — — 618 
Total revenues(81)594 106 (1)618 
Total expenses102 167 95 34 398 
Interest income3 19 — — 22 
Interest expense(67)(13)— (47)(127)
Other income (expense), net— — 1 (1)— 
Total other (expenses) income, net(64)6 1 (48)(105)
(Loss) income from continuing operations before income tax (benefit) expense$(247)$433 $12 $(83)$115 
Depreciation and amortization for property and equipment and intangible assets from continuing operations$4 $4 $3 $6 $17 
Total assets $10,736 $3,592 $135 $2,837 $17,300 
Six Months Ended June 30, 2021
Financial information by segmentServicingOriginationsXomeCorporate/OtherConsolidated
Revenues
Service related, net$349 $88 $135 $— $572 
Net gain on mortgage loans held for sale324 937 — — 1,261 
Total revenues673 1,025 135 — 1,833 
Total expenses231 457 132 59 879 
Interest income48 49 — — 97 
Interest expense(136)(48)— (61)(245)
Other income, net— — 486 — 486 
Total other (expenses) income, net(88)1 486 (61)338 
Income (loss) from continuing operations before income tax (benefit) expense$354 $569 $489 $(120)$1,292 
Depreciation and amortization for property and equipment and intangible assets from continuing operations$12 $10 $6 $3 $31 
Total assets $15,973 $4,582 $573 $2,180 $23,308 

Six Months Ended June 30, 2020
Financial information by segmentServicingOriginationsXomeCorporate/OtherConsolidated
Revenues
Service related, net$(320)$41 $212 $— $(67)
Net gain on mortgage loans held for sale79 870 — — 949 
Total revenues(241)911 212 — 882 
Total expenses231 333 191 67 822 
Interest income43 53 — 1 97 
Interest expense(127)(40)— (99)(266)
Other income (expense), net— — 2 (1)1 
Total other (expenses) income, net(84)13 2 (99)(168)
(Loss) income from continuing operations before income tax expense (benefit)$(556)$591 $23 $(166)$(108)
Depreciation and amortization for property and equipment and intangible assets from continuing operations$8 $7 $6 $15 $36 
Total assets $10,736 $3,592 $135 $2,837 $17,300