Quantcast

Servicing Loan Cost (Annualized) at 6/30/09

Servicing # of Loans

Rank Organization Name Location Cost Per Loan Serviced

1 American Internet Mortgage San Diego, CA $6 1,410

2 LoanCare Servicing Center Inc. Norfolk, VA $20 100,600

3 TD Banknorth Mortgage Falmouth, ME $39 32,892

4 Provident Funding Associates Burlingame, CA $42 203,282

5 Webster Bank Waterbury, CT $47 15,201

6 U.S. Bank Home Mortgage Bloomington, MN $53 1,175,429

7 NATIXIS Real Estate Capital New York, NY $55 68,896

8 America First CU Riverdale, UT $57 12,595

9 MetLife Home Loans Memphis, TN $66 540,650

10 Cimarron Mortgage Jackson, MS $88 7,650

11 Regions Mortgage Inc. Montgomery, AL $122 307,541

12 Union Bank of California San Diego, CA $126 30,356

13 M&T Mortgage Buffalo, NY $166 180,251

14 Aurora Loan Services, Inc. Aurora, CO $331 443,314

Submitted Average $107 3,120,067

Notes: Several firms calculate this number differently which will result in wide disparities between respondents. In its survey MortgageStats.com asks for the "full-loaded" cost to service.

Source: MSN/MortgageStats.com. Questions? E-mail Paul.Muolo@SourceMedia.com.

Next in News ►