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Servicing Cost Per Loan at Sept. 30, 2009

Servicing # of Loans

Rank Organization Name Location Cost Per Loan Serviced

1 American Internet Mortgage San Diego, CA $6 1,777

2 Cornerstone Mortgage Co. Houston, TX $25 68

3 Provident Funding Associates Burlingame, CA $42 210,109

4 TD Banknorth Mortgage Falmouth, ME $47 44,529

5 Webster Bank Waterbury, CT $47 14,645

6 America First CU Riverdale, UT $53 13,030

7 U.S. Bank Home Mortgage Bloomington, MN $54 1,223,584

8 NATIXIS Real Estate Capital New York, NY $55 66,624

9 Regions Mortgage Inc. Montgomery, AL $61 308,502

10 MetLife Home Loans Memphis, TN $65 553,924

11 Cimarron Mortgage Jackson, MS $102 7,625

12 M&T Mortgage Buffalo, NY $155 179,998

13 Aurora Loan Services Inc. Aurora, CO $459 422,693

14 Home Loan Services Inc. (BC) Pittsburgh, PA $459 177,052

15 American Home Mortgage Servicing Irving, TX $561 491,069

Submitted Average: $193 3,715,229

Notes: Several firms calculate this number differently which will result in wide disparities between respondents. In its survey MSN/QDR asks for the "full-loaded" cost to service (annualized).

Source: MSN/Alternative Quarterly Data Report. Questions? E-mail Paul.Muolo@SourceMedia.com.

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