ACCOUNTS RECEIVABLE, NET (Tables)

12 Months Ended

Dec. 31, 2012

ACCOUNTS RECEIVABLE, NET

Schedule of accounts receivable, net

(in thousands)	2012			2011
Billed
Third parties	$	25,950		$	13,776
Ocwen	19,817			5,245
Correspondent One	27			123
HLSS	163			5
AAMC	14			—
Other receivables	353			350
	46,324			19,499
Unbilled
Third parties	39,496			31,831
Ocwen	6,377			2,722
Correspondent One	32			—
	92,229			54,052
Allowance for doubtful accounts	(3,274		)	(2,047		)
Total	$	88,955		$	52,005

Summary of the allowance for doubtful accounts, net of recoveries

	(in thousands)
Balance, January 1, 2010	$	696
Bad debt expense	1,735
Recoveries	(106		)
Write-offs	(193		)
Balance, December 31, 2010	$	2,132
Bad debt expense	967
Recoveries	(54		)
Write-offs	(998		)
Balance, December 31, 2011	$	2,047
Bad debt expense	3,049
Recoveries	(21		)
Write-offs	(1,801		)
Balance, December 31, 2012	$	3,274