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Advances and Other Receivables (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Schedule of accounts receivable
Advances and other receivables, net, consists of the following:
Advances and Other Receivables, NetMarch 31, 2025December 31, 2024
Servicing advances, net of $5 and $6 purchase discount, respectively
$1,132 $1,410 
Receivables from agencies, investors and prior servicers46 47 
Reserves(117)(112)
Total advances and other receivables, net$1,061 $1,345 
The following table sets forth the activities of the servicing reserves for advances and other receivables:
Three Months Ended March 31,
Reserves for Advances and Other Receivables20252024
Balance - beginning of period$112 $170 
Provision(1)
14 15 
Reclassifications(2)
(1)9 
Write-offs(3)
(8)(50)
Balance - end of period$117 $144 

(1)The Company recorded a provision of $6 through the MTM adjustments in “revenues - service related, net” in the condensed consolidated statements of operations during the three months ended March 31, 2025 and 2024.
(2)Reclassifications represent required reserves provisioned within other balance sheet accounts as associated serviced loans become inactive or liquidate.
(3)Write-offs represent balances removed from the servicing platform during the respective periods, including fully reserved balances related to third-party settlements where further loss recovery of prior servicer errors is limited.
The following tables set forth the activities of the purchase discounts for advances and other receivables:
Three Months Ended March 31,
20252024
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$6 $— $13 $6 
Utilization of purchase discounts(1)— (1)(6)
Balance - end of period$5 $— $12 $—