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REVENUE
3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
REVENUE 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. 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. The Lenders One members’ earnings are included in revenue and reduced from net income to arrive at net income attributable to Altisource (see Note 1). Our services are provided to customers located in the United States. The components of revenue were as follows:
Three months ended
March 31,
(in thousands)20222021
Service revenue$37,763 $48,080 
Reimbursable expenses1,592 2,013 
Non-controlling interests161 372 
Total$39,516 $50,465 
Disaggregation of Revenue
Disaggregation of total revenues by segment and major source is as follows:
Three months ended March 31, 2022
(in thousands)Revenue recognized when services are performed or assets are soldRevenue related to technology platforms and professional servicesReimbursable expenses revenueTotal revenue
Servicer and Real Estate$24,659 $2,498 $1,379 $28,536 
Origination10,759 213 10,980 
Total revenue$35,418 $2,506 $1,592 $39,516 
Three months ended March 31, 2021
(in thousands)Revenue recognized when services are performed or assets are soldRevenue related to technology platforms and professional servicesReimbursable expenses revenueTotal revenue
Servicer and Real Estate$28,045 $2,631 $1,965 $32,641 
Origination17,206 13 48 17,267 
Corporate and Others— 557 — 557 
Total revenue$45,251 $3,201 $2,013 $50,465 
Contract Balances
Our contract assets consist of unbilled accounts receivable (see Note 4). Our contract liabilities consist of current deferred revenue and other non-current liabilities as reported on the accompanying condensed consolidated balance sheets. Revenue recognized that was included in the contract liability at the beginning of the period was $1.8 million and $2.2 million for the three months ended March 31, 2022 and 2021, respectively