ACCOUNTS RECEIVABLE, NET

12 Months Ended

Dec. 31, 2013

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET

6.  ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consists of the following as of December 31:

(in thousands)	2013			2012
Billed
Non-related parties	$	39,588		$	25,950
Ocwen	11,410			19,817
Correspondent One	—			27
HLSS	83			163
AAMC	1,347			14
Residential	547			—
Other receivables	1,642			353
	54,617			46,324
Unbilled
Non-related parties	42,284			39,496
Ocwen	10,027			6,377
Correspondent One	—			32
	106,928			92,229
Allowance for doubtful accounts	(5,631		)	(3,274		)
Total	$	101,297		$	88,955

Unbilled fees consist primarily of asset management and default management services for which we recognize revenues over the service delivery period but bill following completion of the service.

A summary of the allowance for doubtful accounts, net of recoveries, for the years ended December 31, 2013, 2012 and 2011 is as follows:

	(in thousands)
Balance, January 1, 2011	$	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
Bad debt expense	2,549
Recoveries	(21		)
Write-offs	(171		)
Balance, December 31, 2013	$	5,631