Advances and Other Receivables (Tables)

6 Months Ended

Jun. 30, 2025

Advances and other receivables, net, consists of the following:


Advances and Other Receivables, Net	June 30, 2025		December 31, 2024
Servicing advances, net of $5 and $6 purchase discount, respectively	$	1,202	$	1,410
Receivables from agencies, investors and prior servicers	38		47
Reserves	(116)		(112)
Total advances and other receivables, net	$	1,124	$	1,345

The following table sets forth the activities of the servicing reserves for advances and other receivables:


	Three Months Ended June 30,				Six Months Ended June 30,
Reserves for Advances and Other Receivables	2025		2024		2025		2024
Balance - beginning of period	$	117	$	144	$	112	$	170
Provision(1)	22		(4)		36		11
Reclassifications(2)	(4)		8		(5)		17
Write-offs(3)	(19)		1		(27)		(49)
Balance - end of period	$	116	$	149	$	116	$	149

(1)The Company recorded a provision of $10 and $6 through the MTM adjustments in “revenues - service related, net” in the condensed consolidated statements of operations during the three months ended June 30, 2025 and 2024, respectively and a provision of $16 and $12 during the six months ended June 30, 2025 and 2024, respectively.

(2)Reclassifications represent required reserves provisioned within other balance sheet accounts as associated serviced loans become inactive or liquidate.

(3)Write-offs represent balances removed from the servicing platform during the respective periods, including fully reserved balances related to third-party settlements where further loss recovery of prior servicer errors is limited.

Mr. Cooper Group Inc. 10-Q