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Article: Rosy results in servicing. (mortgage servicing)(Servicing)
- Article from:
- Mortgage Banking
- Article date:
- June 1, 1996
- Author:
CopyrightCOPYRIGHT 1996 Mortgage Bankers Association of America. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Higher productivity, lower direct costs and higher per loan profits made 1995 a good year for many servicers. A new study shows average profit was $225 per loan last year versus $175 in 1994.
The debate continues inside companies today about whether they should stay in or leave the mortgage servicing business. As in the past, many believe that if they cannot be top industry players, then they shouldn't be playing the game.
The year 1995 was a relatively quiet one for mortgage servicing operations - at least compared with 1992, 1993 and the beginning of 1994. Many companies finally had the opportunity to manage their servicing operations proactively rather than ...