XML 42 R28.htm IDEA: XBRL DOCUMENT v3.25.2
Advances and Other Receivables (Tables)
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Schedule of accounts receivable
Advances and other receivables, net, consists of the following:
Advances and Other Receivables, NetJune 30, 2025December 31, 2024
Servicing advances, net of $5 and $6 purchase discount, respectively
$1,202 $1,410 
Receivables from agencies, investors and prior servicers38 47 
Reserves(116)(112)
Total advances and other receivables, net$1,124 $1,345 
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 Receivables2025202420252024
Balance - beginning of period$117 $144 $112 $170 
Provision(1)
22 (4)36 11 
Reclassifications(2)
(4)8 (5)17 
Write-offs(3)
(19)1 (27)(49)
Balance - end of period$116 $149 $116 $149 
(1)The Company recorded a provision of $10 and $6 through the MTM adjustments in “revenues - service related, net” in the condensed consolidated statements of operations during the three months ended June 30, 2025 and 2024, respectively and a provision of $16 and $12 during the six months ended June 30, 2025 and 2024, respectively.
(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.