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ACCOUNTS RECEIVABLE, NET (Tables)
12 Months Ended
Dec. 31, 2013
ACCOUNTS RECEIVABLE, NET  
Schedule of accounts receivable, net

 

 

(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

 

 

Summary of the allowance for doubtful accounts, net of recoveries

 

 

 

 

(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

 

 

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