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2025 Overview RM Select Snapshot for Independent Mortgage Bankers

Mar 17, 2026

Production volume continued to rebound in 2025, rising 17% year-over-year and marking the second consecutive year of nearly 20% growth. Favorable mortgage rate movement in Q4 drove an unseasonal increase in activity, with volume climbing 6% over Q3 and pushing the quarter to the highest production level of the year. While overall profitability softened modestly due to lower mortgage servicing rights valuations, lenders saw improved production revenues, steady cost discipline, and stronger operational productivity across most core metrics. 

Explore these insights and see how your performance compares in the full RM Select 2025 Overview Snapshot below, and make sure to tune in to our video recap coming soon for additional commentary from Richey May’s Director of Data Analytics, Tyler House.

RM 2025 Overview Snapshot

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For access to the detailed reports, including an analysis of the results, please email us at RMSelect@richeymay.com.

To view a Snapshot Report from a previous quarter, visit our Snapshot Library.

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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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