Top Residential Servicers
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Published May 18, 2007 | ||||||
Servicing volume | Market share | Mkt shr %pt.+/- | ||||
2006 | 2005 | Change | ||||
1 | Wells Fargo Home Mortgage San Francisco | $1,341,870 | $1,005,410 | 33% | 15.62% | 3.49% |
2 | Countrywide Financial Corp. Calabasas, Calif. | 1,298,394 | 1,111,090 | 17 | 15.11 | 1.71 |
3 | Washington Mutual Seattle | 710,797 | 746,759 | -5 | 8.27 | -0.73 |
4 | Chase Home Finance Iselin, N.J. | 674,057 | 604,173 | 12 | 7.85 | 0.56 |
5 | CitiMortgage Inc. (1) OFallon, Mo. | 521,509 | 443,510 | 18 | 6.07 | 0.72 |
6 | Bank of America Charlotte, N.C. | 419,497 | 368,352 | 14 | 4.88 | 0.44 |
7 | GMAC Residential Holdings (2) Horsham, Pa. | 337,454 | 288,813 | 17 | 3.84 | 0.36 |
8 | ABN Amro Mortgage (1) Ann Arbor, Mich. | 229,889 | 205,953 | 12 | 2.68 | 0.19 |
9 | Wachovia (3) Charlotte | 175,244 | 38,745 | 352 | 2.04 | 1.57 |
10 | National City Mortgage Miamisburg, Ohio | 171,006 | 169,557 | 1 | 1.99 | -0.05 |
11 | PHH Mortgage Mt. Laurel, N.J. | 160,298 | 157,302 | 2 | 1.87 | -0.03 |
12 | IndyMac Bancorp Inc. Pasadena, Calif. | 147,994 | 90,721 | 63 | 1.72 | 0.63 |
13 | SunTrust Mortgage Inc.Richmond, Va. | 129,974 | 105,578 | 23 | 1.51 | 0.24 |
14 | Homecomings Financial (2) Minneapolis | 128,291 | 104,116 | 23 | 1.47 | 0.21 |
15 | First Horizon Home Loans Irving, Tex. | 101,755 | 95,284 | 7 | 1.18 | 0.04 |
16 | U.S. Bank Home Mortgage Bloomington, Minn. | 99,799 | 84,799 | 18 | 1.16 | 0.14 |
17 | Aurora Loan Services Inc. (4) Aurora, Colo. | 92,983 | 75,565 | 23 | 1.08 | 0.17 |
18 | EMC Mortgage (5) Lewisville, Tex. | 71,954 | 59,215 | 22 | 0.84 | 0.12 |
19 | Dovenmuehle Mortgage (E) Lake Zurich, Ill. | 66,000 | 60,000 | 10 | 0.77 | 0.04 |
20 | Branch Banking and Trust Co. Wilson, N.C. | 59,456 | 54,422 | 9 | 0.69 | 0.04 |
21 | GreenPoint Mortgage Funding (6) Novato, Calif. | 49,581 | 50,071 | -1 | 0.58 | -0.03 |
22 | Cenlar FSB Ewing, N.J. | 48,000 | 45,000 | 7 | 0.56 | 0.02 |
23 | American Home Mtg. Investment Melville, N.Y. | 46,269 | 30,663 | 51 | 0.54 | 0.17 |
24 | Morgan Stanley/Saxon Mortgage Glen Allen, Va. | 45,295 | 42,891 | 6 | 0.53 | 0.01 |
25 | Regions Mortgage Inc. Montgomery, Ala. | 43,096 | 37,157 | 16 | 0.5 | 0.05 |
Top 25 Totals | $7,170,462 | $6,075,146 | 18% | 83.46% | 10.08% | |
Total Outstanding Receivables | $8,591,000 | $8,291,000 | 4% | |||
Notes: Includes subservicing contracts. Market share based on total estimated U.S. housing receivables of $8.59 trillion at 12/31/06. This ranking excludes subprime servicing specialists but some of the firms listed here service subprime and other nonconforming loan types. Subservicing contracts are included in these numbers. Results may be incomplete because some firms would not respond. (1) CitiMortgage is in the process of buying ABN Amro Mortgage and has an option to buy the subprime servicing platform of Ameriquest. (2) These companies are affiliates. (3) Wachovia now owns Golden West/World. (4) ALS is owned by Lehman Bros. (5) EMC is owned by Bear Stearns. (6) GreenPoint is owned by Capital One. (E) Estimate.
Source: AB/Quarterly Data Report. MSN/Quarterly Data Report.
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