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Mortgage Daily Ranks Top Servicers

Mortgage Top ServicersWells Fargo kept its place as the top servicers in the fourth quarter, according to a ranking from Mortgage Daily, while Ocwen made its way to No. 6, a spot previously held by Residential Capital in the third quarter.

The ranking is based on portfolio size and includes third-party mortgage servicing as well as residential and home-equity assets in the investment portfolio.

Wells Fargo's portfolio totaled $1,873 billion, with Bank of America ranking second for its portfolio size of $1,406 billion, according to Mortgage Daily. The next three spots were given to Chase ($1,125 billion), Citi ($411.9 billion), and US Bank ($276.4 billion).

Ocwen and Nationstar were head-to-head for the No. 5 and No. 6 spots, with portfolios totaling $204 and $203 billion, respectively.

ResCap was bumped down to No. 8, while PHH and PNC rounded out the top 10.

 

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