What are the sources of revenue for mortgage servicers?
Question:
What are the sources of revenue for mortgage servicers?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Mortgage servicers primarily generate revenue through three main sources 1 Loan Servicing Fees This ...View the full answer
Answered By
John Kago
Am a processional practicing accountant with 5 years experience in practice, I also happens to have hands on experience in economic analysis and statistical research for 3 years. am well conversant with Accounting packages, sage, pastel, quick books, hansa world, etc, I have real work experience with Strata, and SPSS
4.70+
31+ Reviews
77+ Question Solved
Related Book For
Foundations Of Financial Markets And Institutions
ISBN: 9780136135319
4th Edition
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
Question Posted:
Students also viewed these Business questions
-
What are the sources of revenue for Apple, Google, and Microsoft, and how does that impact their competition?
-
a. What are the sources of revenue arising from mortgage origination? b. What are the risks associated with the mortgage origination process? c. What can mortgage originators do with a loan after...
-
The Town of Winston-Salem, NC's CAFR is the CAFR to use to compare to the Town of Cary, NC for this assignment. The towns are similar in size and under the same state government, making the...
-
Prepare budgetary and proprietary journal entries to record the following year- end adjustments: 1. An accrual of $ 60,000 was made for salaries earned the last week of September, to be paid in...
-
At January 1, 2019, Cheng Ltd. reported retained earnings of 20,000,000. In 2019, Cheng discovered that 2018 depreciation expense was understated by 4,000,000. In 2019, net income was 9,000,000 and...
-
Mark Lines is an online portal (www.marklines.com) that reports automotive industry data. The table below shows the number of cars sold in the United States from January to November in 2017 and 2018....
-
The chance that it will rain tomorrow is 25%. Classify the statement as an example of classical probability, empirical probability, or subjective probability. Explain your reasoning.
-
The College of Business and Public Administration at Kenton University has a copy machine on each floor for faculty use. Heavy use of the five copy machines causes frequent failures. Maintenance...
-
How is decision-making in organizations best supported by Management Accounting (a descriptive nature) and how should it be supported by Management Accounting (a prescriptive nature)? Is there a gap...
-
a. What is the difference between a prime loan and a subprime loan? b. How are FICO scores used in classifying loans? c. What is an alternative-A loan?
-
a. In selling a mortgage loan for future delivery, what is the advantage of obtaining an optional rather than mandatory delivery agreement? b. What is the disadvantage of optional delivery?
-
Karim is paid a gross monthly salary of $2600 in his current job. He is considering taking a new sales position that would pay a gross salary of $1200 per month, plus a 4% commission on sales in...
-
Are you preparing to maintain your employability in the supply chain for the next 5 to 10 years? This example alerts you to digital transformations in a distribution centre. But the impact will be on...
-
In their article,The Tension Between Empathy and Assertiveness, Mnookin, Peppet, and Tulumello describe three broad "negotiation styles" that hinge on how the negotiator balances empathy and...
-
Table 1: Selected Performance Statistics, 1926-1988 Series Annual Return (Geometric Mean Rate of Return) Highest Annual Return Lowest Annual Return Standard Deviation of Annual Returns Common Stock...
-
Factor completely x 2 + 3 x y - 4 y 2 - 5 y + 5 x
-
A company faces a stream of obligations over the next 4 years as shown below, where the numbers denote thousands of dollars. Year 1 2 3 4 CF ('000) 200 0 500 300 The spot rate curve is given below:...
-
You just took a $20,000, Eight-year loan. Payments at the end of each month are flat (equal in every month) at an annual interest rate of 8 percent. Calculate the monthly payment. Provide the...
-
Planning: Creating an Audience Profile; Collaboration: Team Projects. Compare the Facebook pages of three companies in the same industry. Analyze the content on all available tabs. What can you...
-
Quatro Hermanas, Inc. is investigating implementing some new production machinery as part of its operations. Three alternatives have been identified, and they have the following fixed and variable...
-
Three alternative designs have been created by Snakisco engineers for a new machine that spreads cheese between the crackers in a Snakisco snack. Each machine design has unique total costs (fixed and...
-
A small company manufactures a certain product. Variable costs are $20 per unit and fixed costs are $10,875. The price-demand relationship for this product is P = -0.25D + 250, where P is the unit...
-
At the end of 2019 , Bolton decides to adjust the manufacturing overhead rate to 190 % of direct labor cost. She explains to the company president that, because overhead was underallocated in 2019 ,...
-
General, assuming no exceptions apply, how long is the statue of limitations for taxpayers to file a claim to refund or for the IRS to assess additional tax?
-
Kraft Heinz was forced to pay $62 million to settle charges of accounting fraud. Two top executives coordinated the plan, which involved some accounting trickery that overstated the company's cost...
Study smarter with the SolutionInn App