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Re: free_bee post# 102

Sunday, 05/12/2013 10:33:36 AM

Sunday, May 12, 2013 10:33:36 AM

Post# of 223
Many banks sell off their loan production and servicing.

Servicing requires scale to drive profitability. Most recently, banks have sold off servicing due to the new capital requirements imposed by regulators. Servicing produces a steady flow of income but a low ROI.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International