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REVENUE
6 Months Ended
Jun. 30, 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
June 30,
Six months ended
June 30,
(in thousands)2022202120222021
Service revenue$37,638 $43,966 $75,401 $92,046 
Reimbursable expenses2,609 1,936 4,201 3,949 
Non-controlling interests174 139 335 511 
Total$40,421 $46,041 $79,937 $96,506 
Disaggregation of Revenue
Disaggregation of total revenues by segment and major source is as follows:
Three months ended June 30, 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$26,901 $2,523 $2,523 $31,947 
Origination8,382 86 8,474 
Total revenue$35,283 $2,529 $2,609 $40,421 
Three months ended June 30, 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$26,067 $2,420 $1,663 $30,150 
Origination14,645 273 14,926 
Corporate and Others— 965 — 965 
Total revenue$40,712 $3,393 $1,936 $46,041 
Six months ended June 30, 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$51,560 $5,021 $3,902 $60,483 
Origination19,141 14 299 19,454 
Total revenue$70,701 $5,035 $4,201 $79,937 
Six months ended June 30, 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$54,112 $5,051 $3,628 $62,791 
Origination31,851 21 321 32,193 
Corporate and Others— 1,522 — 1,522 
Total revenue$85,963 $6,594 $3,949 $96,506 
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 $2.9 million and $3.8 million for the six months ended June 30, 2022 and 2021, respectively ($1.2 million and $1.6 million for the second quarter of 2022 and 2021, respectively)