What does conduit — mortgage servicing rights mean?

The capitalized value of the contractual right to service mortgage loans, including collecting payments and managing escrow accounts. This asset is recognized when the company retains the servicing rights after selling the underlying mortgage loans.

Franklin BSP Realty Trust FBRT Conduit — Mortgage servicing rights

Other segment segments

Agency Business

$6.74M—

Real Estate Debt and Other Real Estate Investments

$0—

Real Estate Owned

$0—

Similar metrics at other companies

IBCPCapitalized mortgage loan servicing rights

$6.61M-32.7%

HOPEMortgage servicing rights

$13.64M+26.6%

NMRKMortgage servicing rights

$514.25M+1.1%

BPOPMortgage servicing rights

$94.23M-10.0%

SPF

SPFIMortgage servicing rights

$25.75M+2.4%

WDMortgage servicing rights

$795.75M-3.6%

Other financials

Income statement

See full

Revenue$74.4M+35.1%

Net income$12.0M-50.2%

EPS (diluted)$0.07-65.0%

Balance sheet

See full

Cash & equivalents$115.6M-46.3%

Total debt$10.0M—

Total equity$1.4B-7.2%

Total assets$6.3B+11.4%

Cash flow

See full

Operating cash flow-$54.0M-146%

Valuation

See full

Market cap$621.86M-31.5%

Enterprise value$516.29M—

P/E8.9×+0.6×

P/S2.2×-2.1×

Profitability

See full

Net margin24.3%-14.5pp

Returns & leverage

See full

Return on equity4.9%-0.6pp

Debt / equity0×—

Where this comes from

Reported directly by Franklin BSP Realty Trust in its filing.

Tagged under the XBRL concept bsprt:OriginatedMortgageServicingRightsRevenue.

The official record: Franklin BSP Realty Trust’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

Ask your AI about Franklin BSP Realty Trust's conduit — mortgage servicing rights.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Franklin BSP Realty Trust's conduit — mortgage servicing rights?: Franklin BSP Realty Trust (FBRT) reported conduit — mortgage servicing rights of $0 in Q1 2026.
What does conduit — mortgage servicing rights mean?: The capitalized value of the contractual right to service mortgage loans, including collecting payments and managing escrow accounts. This asset is recognized when the company retains the servicing rights after selling the underlying mortgage loans.