Introduction to Mortgage Servicing Examination Training eBook

MCR Analytics User Guide

Filtering Options (continued)

*Peer Groups

The Peer Groups filtering option provides the user with reasonable and appropriate groups of similar companies to help facilitate in making comparisons. Peer groups are assigned each quarter based on a company’s origination activity. Refer to the table below for a more detailed breakdown of what makes up a peer group.

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Origination Peer Group Factors

Lender

Description

A company that did not originate any loans in the quarter. Typically, this is assigned to servicers who do not originate, companies required to file MCRs who do not originate mortgage loans, and companies out of business.

No Loans

At least 50% of the originations were reverse loans.

Reverse

All of the originations were brokered loans and less than 50% were reverse. • At least one of the originations was closed retail or closed wholesale. • Less than 50% of the loans were reverse loans. • The average quarterly number of loans originated for each company was between 1 and 100. • At least one of the originations was closed retail or closed wholesale. • Less than 50% of the loans were reverse loans. • The average quarterly number of loans originated for each company was between 101 and 500. • At least one of the originations was closed retail or closed wholesale. • Less than 50% of the loans were reverse loans. • The average quarterly number of loans originated for each company was above 500.

Broker

Lender 1

Based on rolling four quarter averages of origination activity.

Lender 2

Lender 3

Servicing Peer Group Factors

Servicing Peer Group

Description

No Servicing

Company did not service loans

Servicer-1

Servicers with an average of under 5,000 loans per quarter nationwide

Servicer-2

Servicers with an average of 5,001-100,000 loans per quarter nationwide Servicers with an average of 100,001-1,000,000 loans per quarter nationwide

Servicer-3

Servicer-4

Servicers with an average of 1,000,000+ loans per quarter nationwide

Servicing by Other

Company owns the MSR and have a third-party to service the loans

Updated 8/8/2019

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