COST OF REVENUE

12 Months Ended

Dec. 31, 2022

Cost of Revenue [Abstract]

COST OF REVENUE

COST OF REVENUE

Cost of revenue principally includes payroll and employee benefits associated with personnel employed in customer service, operations and technology roles, fees paid to external providers related to the provision of services, reimbursable expenses, technology and telecommunications costs as well as depreciation and amortization of operating assets. The components of cost of revenue were as follows for the years ended December 31:

(in thousands)	2022		2021
Compensation and benefits	$	48,064	$	69,990
Outside fees and services	55,979		66,386
Technology and telecommunications	16,937		25,273
Reimbursable expenses	8,039		6,555
Depreciation and amortization	2,286		3,162
Total	$	131,305	$	171,366

Transactions with Related Parties

In May 2022, John G. Aldridge, Jr., the Managing Partner of Aldridge Pite LLP (“Aldridge Pite”), joined the Board of Directors of Altisource. Aldridge Pite provides eviction and other real estate related services to the Company. Between May 2022 and December 2022, the Company recognized $0.5 million of reimbursable expenses relating to services provided to Aldridge Pite.