Accounting for Mortgage Servicing Rights

Sep 8, 2015

September 2015

In mortgage banking, companies originate and acquire mortgage servicing rights as a source of additional revenue and as a natural hedge against the production side of the business. It also enhances their ability to maintain relationships with borrowers as they perform the servicing function. The following white paper discusses the treatment of mortgage servicing rights for both financial statement and tax reporting purposes.

 

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Tags: Audit, Tax

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Some of these items predate Richey May’s restructuring to an alternative practice structure. Richey May is no longer a CPA firm. All Attest services are provided by Richey, May & Co., LLP.

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