ACCOUNTS RECEIVABLE, NET

3 Months Ended

Mar. 31, 2014

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET

NOTE 4 — ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consists of the following:

	March 31,			December 31,
(in thousands)	2014			2013
Billed
Non-related parties	$	45,902		$	39,588
Ocwen	15,540			11,410
HLSS	274			83
AAMC	136			1,347
Residential	357			547
Other receivables	1,549			1,642
	63,758			54,617
Unbilled
Non-related parties	43,087			42,284
Ocwen	22,629			10,027
	129,474			106,928
Less: allowance for doubtful accounts	(7,333		)	(5,631		)
Total	$	122,141		$	101,297

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.