Keycorp's proposed merger with Society Corp. would propel the new company well up into the ranks of the top 20 servicers of residential mortgages.

As of June 30, Keycorp Mortgage serviced about $18.4 billion of home loans for others and about $5.3 billion for itself, the unit reported. Society's portfolio of $4.7 billion includes $2.5 billion for itself and $2.2 billion for others.

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