REVENUE

We classify revenue in three categories: service revenue, revenue from reimbursable expenses and non-controlling interests. Service revenue consists of amounts attributable to our fee-based services and sales of short-term investments in real estate. Reimbursable expenses and non-controlling interests are pass-through items for which we earn no margin. Reimbursable expenses consist of amounts we incur on behalf of our customers in performing our fee-based services that we pass directly on to our customers without a markup. Non-controlling interests represent the earnings of Lenders One, a consolidated entity that is a mortgage cooperative managed, but not owned, by Altisource. Lenders One is included in revenue and reduced from net income to arrive at net income attributable to Altisource (see Note 1). Our services are primarily provided to customers located in the United States. The components of revenue were as follows:



	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2019		2018		2019		2018

Service revenue	$	133,781	$	196,906	$	489,300	$	594,533
Reimbursable expenses	7,213		6,815		16,484		23,970
Non-controlling interests	499		854		2,179		2,066

Total	$	141,493	$	204,575	$	507,963	$	620,569

Disaggregation of Revenue

Disaggregation of total revenues by major source is as follows:



(in thousands)	Revenue recognized when services are performed or assets are sold		Revenue related to technology platforms and professional services		Reimbursable expenses revenue		Total revenue

Three months ended September 30, 2019	$	125,939	$	8,341	$	7,213	$	141,493
Three months ended September 30, 2018	173,581		24,179		6,815		204,575

Nine months ended September 30, 2019	452,643		38,836		16,484		507,963
Nine months ended September 30, 2018	527,743		68,856		23,970		620,569

Contract Balances

Our contract assets consist of unbilled accounts receivable (see Note 5). Our contract liabilities consist of current deferred revenue as reported on the accompanying condensed consolidated balance sheets and non-current deferred revenue (see Note 14). Revenue recognized that was included in the contract liability at the beginning of the period, including amounts added to the contract liability as part of the cumulative effect of adopting FASB ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), was $9.4 million and $17.4 million for the nine months ended September 30, 2019 and 2018, respectively ($0.9 million and $6.1 million for the third quarter of 2019 and 2018, respectively).