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ACCOUNTS RECEIVABLE, NET
 6 Months Ended
Jun. 30, 2014
ACCOUNTS RECEIVABLE, NET  
ACCOUNTS RECEIVABLE, NET

NOTE 4 — ACCOUNTS RECEIVABLE, NET

 

Accounts receivable, net consists of the following:

 

 

 

June 30,

 

December 31,

 

(in thousands)

 

2014

 

2013(1)

 

 

 

 

 

 

 

Billed

 

 

 

 

 

Non-related parties

 

$

41,533

 

$

41,011

 

Ocwen

 

28,137

 

11,658

 

HLSS

 

194

 

83

 

AAMC

 

195

 

1,347

 

Residential

 

4,247

 

547

 

Other receivables

 

786

 

1,643

 

 

 

75,092

 

56,289

 

Unbilled

 

 

 

 

 

Non-related parties

 

53,911

 

44,102

 

Ocwen

 

5,730

 

10,027

 

 

 

134,733

 

110,418

 

Less: allowance for doubtful accounts

 

(9,686

)

(5,631

)

 

 

 

 

 

 

Total

 

$

125,047

 

$

104,787

 

 

 

(1) December 31, 2013 accounts receivable has been revised to reflect a purchase accounting measurement period adjustment related to the Equator acquisition.  See Note 3.

 

Unbilled receivables 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.