According to a sample of survey figures being collected by ASR sister publication National Mortgage News, some firms grew their MSR portfolios by fourfold or more over the past 12 months.
USAA Federal Savings Bank, San Antonio, for example serviced $11.7 billion of loans at June 30, a 419% gain year-over-year. (In years past the firm used a subservicer.)
Compass Bank, Birmingham, Ala., grew its receivables by 406%. Another large gainer was Stonegate Mortgage, Indianapolis, which serviced $2.2 billion of home mortgages at midyear, a 148% increase to June 30, 2011.
Kinecta Federal Credit Union, Manhattan Beach, Calif., experienced a 26% gain.
NMN and the Quarterly Data Report are in the process of putting together its final 2Q servicing tally, which will appear in the next week.
