Top 10 Residential Servicers
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| Published March 9, 2001 | |
Rank | Company | Location | | | | Market | |
| 1 | Wells Fargo Home Mortgage 1 | Des Moines | $452,569 | $282,470 | 60% | 8.85% | 2.89% |
| 2 | Chase Manhattan Mortgage 2 | Edison, N.J. | $361,640 | $310,865 | 16% | 7.07% | 0.51% |
| 3 | Bank of America Mortgage | Charlotte, N.C. | $335,859 | $294,610 | 14% | 6.57% | 0.35% |
| 4 | Countrywide Home Loans | Calabasas, Calif. | $284,894 | $245,819 | 16% | 5.57% | 0.38% |
| 5 | HomeSide Lending | Jacksonville, Fla. | $187,552 | $150,734 | 24% | 3.67% | 0.48% |
| 6 | Washington Mutual 3 | Seattle | $186,845 | $163,407 | 14% | 3.66% | 0.20% |
| 7 | GMAC Mortgage | Horsham, Pa. | $173,128 | $150,933 | 15% | 3.39% | 0.20% |
| 8 | Fleet Mortgage 4 | Columbia, S.C. | $136,396 | $150,497 | -9% | 2.67% | -0.51% |
| 9 | First Nationwide Mortgage | Frederick, Md. | $111,992 | $96,522 | 16% | 2.19% | 0.15% |
| 10 | ABN Amro Mortgage | Troy, Mich. | $109,230 | $73,830 | 48% | 2.14% | 0.58% |
Notes: Subservicing contracts are included as part of the servicing receivables. Results may vary because some firms would not disclose their numbers.
* Servicing is an estimate based on previously reported numbers.
** Firm is primarily engaged in subprime servicing or subservicing.
1 Wells has been a major buyer of servicing rights the past year and struck a deal to subservice most of G.E. Capital Mortgages $78 billion portfolio.
2 Chase Manhattan Mortgage bought Advanta Mortgage, a subprime lender/servicer.
3 Washington Mutual bought PNC Mortgage and Bank United in early 2001.
4 First Nationwide is owned by Golden State Bancorp.
Questions? Email: paul.muolo@tfn.com or call 202-434-0330.
Source: National Mortgage News©2001, American Banker