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ACCOUNTS RECEIVABLE, NET
9 Months Ended
Sep. 30, 2020
Receivables [Abstract]  
ACCOUNTS RECEIVABLE, NET ACCOUNTS RECEIVABLE, NET
Accounts receivable, net consists of the following:
(in thousands)September 30,
2020
December 31,
2019
Billed$23,649 $35,921 
Unbilled10,060 12,166 
33,709 48,087 
Less: Allowance for credit losses(5,653)(4,472)
Total$28,056 $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.