As commercial banks continue to weigh the effects of the Basel III accords on mortgage servicing rights and capital, nonbank residential servicers are posting the strongest growth rates in the industry.According to new second quarter figures compiled by ASR sister publication National Mortgage News (NMN) and the Quarterly Data Report (QDR), two nonbanks had the fastest growth rates in the industry: Nationstar at 194% and Provident Funding with 35%.

The gains reflect MSR growth for top ranked processors from the second quarter of 2011 to 2Q12. (The complete rankings appear in the new, 2Q12 edition of the QDR.)

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