Discontinued — last reported Q3 '23
Business Segments · Loan Portfolio Expense
Residential Mortgage Banking — Loan Portfolio Expense
Ready Capital Residential Mortgage Banking — Loan Portfolio Expense increased by 47.5% to $3.28M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 38.4%, from $2.37M to $3.28M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2016
Last reportedQ3 2023Nov 8, 2023
Rolls up toLoan Portfolio Expense
How to read this metric
Increasing expenses relative to portfolio size may indicate operational inefficiencies or rising servicing complexity.
Detailed definition
Includes the operational costs associated with managing and servicing the residential mortgage loan portfolio. This enco...
Peer comparison
Similar to 'Portfolio Servicing Costs' or 'Loan Administration Expenses' at other mortgage lenders.
Metric ID:
rc_segment_residential_mortgage_banking_loan_portfolio_expenseHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.09M | $3.36M | $1.60M | $2.54M | $2.46M | $2.37M | $1.85M | $1.81M | $2.22M | $3.28M |
| QoQ Change | — | +61.3% | -52.3% | +58.6% | -3.3% | -3.7% | -21.7% | -2.4% | +22.8% | +47.5% |
| YoY Change | — | — | — | — | +17.8% | -29.6% | +15.6% | -28.9% | -9.6% | +38.4% |
Range$1.60M – $3.36M
CAGR+22.2%
Avg YoY Growth+0.6%
Median YoY Growth+3.0%
Current Streak2 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Ready Capital's residential mortgage banking — loan portfolio expense?
- Ready Capital (RC) reported residential mortgage banking — loan portfolio expense of $3.28M in Q3 2023.
- How has Ready Capital's residential mortgage banking — loan portfolio expense changed year-over-year?
- Ready Capital's residential mortgage banking — loan portfolio expense increased by 38.4% year-over-year, from $2.37M to $3.28M.
- What does residential mortgage banking — loan portfolio expense mean?
- The operational expenses incurred to manage and service the residential mortgage loan portfolio.