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Volume 2018 - Number 21

May 31, 2018

Downloads Available: Top Residential Subservicers: 1Q18


Tepid Increase in Subservicing Contracts During 1Q18. But Three Wild Cards Come Into Play: PHH, Ocwen and Ditech

Subservicers increased their base of contracts to $2.19 trillion in the first quarter, a modest 3.3 percent sequential gain, according to survey figures compiled by Inside Mortgage Finance. Compared to the same period a year earlier, contracts increased by 15.3 percent. [Includes one data chart.]

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Poll

Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.

35%

The wholesale/table funder. They’re taking the financial risk.

30%

The broker, but only for the first year. After that, the borrower is fair game.

13%

Hard to answer. It’s a complicated issue.

22%