Subservicing contracts topped $1.97 trillion at June 30, a 4.3 percent gain from March and a 28.2 percent jump over the past year, according to an exclusive Inside Mortgage Finance survey. Overall, roughly 19.9 percent of all residential loans are now being processed by these “outsourcing” vendors, who do not own the underlying strip of receivables and instead receive a portion of the servicing fee for doing all the grunt work. The subservicing sector continues...[Includes one data table]