Declining origination income was more than offset by soaring servicing income at Nationstar Mortgage Holdings Inc. — which bucked a downward quarter-over-quarter origination trend among its peers.

From Jan. 1 through March 31 of this year, income before income tax expense was $206 million, according to Nationstar’s first-quarter 2018 earnings report.

Earnings at the Dallas-based mortgage-banking firm skyrocketed from just $3 million in the year-earlier quarter and $58 million during the preceding three-month period.

Source: Mortgage Daily