Subservicer benchmark survey shows 27-point gap between best, worst performers
Garrett, McAuley & Co. surveyed 53 mortgage banking firms, with composite scores ranging from 53 to 80
Subservicer
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PennyMac Q1 earnings: Strong mortgage production offsets weaker servicing results
PennyMac earned $82.3M in Q1, adjusted $117.7M. Production pretax income rose, while MSR hedges hit servicing.
How Rocket Mortgage plans to win in 2025
Rocket Mortgage’s strategy for 2025 includes acquiring more mortgage servicing rights to capitalize on its eye-popping 85% recapture rate.