In the past few quarters, the higher interest rates have led to a decline in purchase and refinance volumes. As a strategy to offset the origination risk, several origination companies often decide to own a partial servicing portfolio as well. Of course apart from this, there are the pureplay mortgage servicers, who have been specializing in this area for several years. On-boarding loans getting expensive Servicers usually on-board loan portfolios from originators. To ensure minimal risk, they perform full portfolio QC to ensure that there are no bad loans in the portfolio. This......

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