Efficiency at the nation’s independent mortgage servicing organizations has improved. Servicer earnings moved higher from a year previous but descended from the preceding period.

The annual rate of earnings on loans serviced by independent mortgage servicers and mortgage banking subsidiaries of chartered banks was 10 basis points during the three months ended mid-year.

Details about servicing were reported in the Quarterly Mortgage Bankers Performance Report Q2 2018 from the Mortgage Bankers Association. The report costs $175 for MBA members and $300 of non-members.

Source: Mortgage Daily