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ACCOUNTS RECEIVABLE, NET
 6 Months Ended
Jun. 30, 2020
Receivables [Abstract]  
ACCOUNTS RECEIVABLE, NET ACCOUNTS RECEIVABLE, NET
Accounts receivable, net consists of the following:
(in thousands)
 
June 30,
2020
 
December 31,
2019
 
 
 
 
 
Billed
 
$
30,850

 
$
35,921

Unbilled
 
9,800

 
12,166


 
40,650

 
48,087

Less: Allowance for credit losses
 
(5,313
)
 
(4,472
)
 
 
 
 
 
Total
 
$
35,337

 
$
43,615


Unbilled accounts receivable consist primarily of certain real estate asset management, REO sales, title and closing services for which we generally recognize revenue when the service is provided but collect upon closing of the sale, and foreclosure trustee services, for which we generally recognize revenues over the service delivery period but bill following completion of the service. We also include amounts in unbilled accounts receivable that are earned during a month and billed in the following month.