Discontinued — last reported Q3 '24
Residential Consumer Mortgage Banking — Loan Acquisition Costs
Redwood Trust Residential Consumer Mortgage Banking — Loan Acquisition Costs increased by 31.7% to $1.29M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 226.8%, from $395.00K to $1.29M. Over 2 years (FY 2021 to FY 2023), Residential Consumer Mortgage Banking — Loan Acquisition Costs shows a downward trend with a -58.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Higher costs relative to volume may indicate reduced efficiency in the acquisition channel, while lower costs suggest improved sourcing leverage.
Detailed definition
Refers to the expenses incurred to originate or purchase residential mortgage loans from third-party originators or dire...
Peer comparison
Comparable to loan origination costs or acquisition expenses at other mortgage banking firms.
rwt_segment_residential_consumer_mortgage_banking_loan_acquisition_costsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.89M | $2.40M | $1.79M | $1.42M | $881.00K | $550.00K | $237.00K | $175.00K | $149.00K | $395.00K | $547.00K | $572.00K | $980.00K | $1.29M |
| QoQ Change | — | +26.9% | -25.1% | -21.0% | -37.8% | -37.6% | -56.9% | -26.2% | -14.9% | +165.1% | +38.5% | +4.6% | +71.3% | +31.7% |
| YoY Change | — | — | — | — | -53.3% | -77.0% | -86.8% | -87.6% | -83.1% | -28.2% | +130.8% | +226.9% | +557.7% | +226.8% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Redwood Trust's residential consumer mortgage banking — loan acquisition costs?
- Redwood Trust (RWT) reported residential consumer mortgage banking — loan acquisition costs of $1.29M in Q3 2024.
- How has Redwood Trust's residential consumer mortgage banking — loan acquisition costs changed year-over-year?
- Redwood Trust's residential consumer mortgage banking — loan acquisition costs increased by 226.8% year-over-year, from $395.00K to $1.29M.
- What is the long-term trend for Redwood Trust's residential consumer mortgage banking — loan acquisition costs?
- Over 2 years (2021 to 2023), Redwood Trust's residential consumer mortgage banking — loan acquisition costs has grown at a -58.9% compound annual growth rate (CAGR), from $7.48M to $1.27M.
- What does residential consumer mortgage banking — loan acquisition costs mean?
- The costs associated with acquiring residential mortgage loans for the company's pipeline.