“The disruption created by industry consolidation among subservicers continues to create opportunities,” said Glen Messina, chair, president and CEO of Onity Group, which has a subservicing unit.
“Margins this quarter were impacted by competitive pricing within the industry, especially with larger mortgage originators, better pricing on new deals and a higher proportional mix of larger clients with lower risk-adjusted pricing relative to the prior quarter,” said Kevin Comps, president and secretary of Northpointe Bank.