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Advances and Other Receivables (Tables)
 6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Schedule of accounts receivable
Advances and other receivables, net, consists of the following:
Advances and Other Receivables, NetJune 30, 2024December 31, 2023
Servicing advances, net of $12 and $13 purchase discount
$1,023 $1,065 
Receivables from agencies, investors and prior servicers, net of zero and $6 purchase discount
60 101 
Reserves(149)(170)
Total advances and other receivables, net$934 $996 
The following table sets forth the activities of the servicing reserves for advances and other receivables:
Three Months Ended June 30,Six Months Ended June 30,
Reserves for Advances and Other Receivables2024202320242023
Balance - beginning of period$144 $148 $170 $137 
Provision(1)
(4)9 11 18 
Reclassifications(2)
8 9 17 16 
Write-offs/Recoveries(3)
1 (10)(49)(15)
Balance - end of period$149 $156 $149 $156 

(1)The Company recorded a provision of $6 and $9 through the MTM adjustments in “revenues - service related, net” in the condensed consolidated statements of operations during the three months ended June 30, 2024 and 2023, respectively and a provision of $12 and $18 during the six months ended June 30, 2024 and 2023, respectively.
(2)Reclassifications represent required reserves provisioned within other balance sheet accounts as associated serviced loans become inactive or liquidate.
(3)Write-offs represent fully reserved items which have been removed from the servicing platform.
The following tables set forth the activities of the purchase discounts for advances and other receivables:
Three Months Ended June 30,
20242023
Purchase Discount for Advances and Other ReceivablesServicing AdvancesReceivables from Agencies, Investors and Prior ServicersServicing AdvancesReceivables from Agencies, Investors and Prior Servicers
Balance - beginning of period$12 $— $9 $7 
Balance - end of period$12 $— $9 $7 

Six Months Ended June 30,
20242023
Purchase Discount for Advances and Other ReceivablesServicing AdvancesReceivables from Agencies, Investors and Prior ServicersServicing AdvancesReceivables from Agencies, Investors and Prior Servicers
Balance - beginning of period$13 $6 $12 $7 
Utilization of purchase discounts(1)(6)(3)— 
Balance - end of period$12 $— $9 $7