Discontinued — last reported Q3 '23
Business Segments · Professional Fees
Residential Mortgage Banking — Professional Fees
Ready Capital Residential Mortgage Banking — Professional Fees increased by 17.1% to $144.00K in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 4.3%, from $138.00K to $144.00K. 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 toProfessional fees
How to read this metric
Rising fees may indicate increased regulatory scrutiny or complex legal requirements, while stable or declining fees suggest operational maturity.
Detailed definition
Captures the costs related to external professional services, such as legal, consulting, and auditing, specifically allo...
Peer comparison
Comparable to 'Professional Services Expense' or 'Legal and Consulting Fees' in peer financial services segments.
Metric ID:
rc_segment_residential_mortgage_banking_professional_feesHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $144.00K | $1.53M | $1.02M | $264.00K | $217.00K | $138.00K | $172.00K | $174.00K | $123.00K | $144.00K |
| QoQ Change | — | +965.3% | -33.4% | -74.2% | -17.8% | -36.4% | +24.6% | +1.2% | -29.3% | +17.1% |
| YoY Change | — | — | — | — | +50.7% | -91.0% | -83.2% | -34.1% | -43.3% | +4.3% |
Range$123.00K – $1.53M
CAGR+0.0%
Avg YoY Growth-32.8%
Median YoY Growth-38.7%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Ready Capital's residential mortgage banking — professional fees?
- Ready Capital (RC) reported residential mortgage banking — professional fees of $144.00K in Q3 2023.
- How has Ready Capital's residential mortgage banking — professional fees changed year-over-year?
- Ready Capital's residential mortgage banking — professional fees increased by 4.3% year-over-year, from $138.00K to $144.00K.
- What does residential mortgage banking — professional fees mean?
- External costs for legal, consulting, and audit services dedicated to the residential mortgage banking business.