20 banks with the largest mortgage servicing volume in Q1

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The top five companies in the ranking have a combined mortgage servicing volume of more than $26 billion at the end of the first quarter of 2024 based on fair value. Many banks recorded an uptick in the value of their mortgage servicing rights between Q4 2023 and Q1 2024, with one seeing an increase of 13.25%.

The data in this ranking was sourced from National Mortgage News' MortgageStats site, which pulls from quarterly call reports available from the Federal Financial Institutions Examination Council.

Scroll through to see which bank servicers are in the top 20 and how they fared through the end of March 2024.

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Umpqua Bank ranked 20th with a mortgage servicing volume of $110,000,000.
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Cadence Bank tied for 18th with a mortgage servicing volume of $113,000,000.
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Banco Popular tied for 18th with a mortgage servicing volume of $113,000,000.
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Trustmark National Bank ranked 17th with a mortgage servicing volume of $138,000,000.
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Firstbank of Colorado ranked 16th with a mortgage servicing volume of $166,000,000.
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First Federal Bank ranked 15th with a mortgage servicing volume of $172,000,000.
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First United Bank and Trust Company ranked 14th with a mortgage servicing volume of $183,000,000.
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Bell Bank ranked 13th with a mortgage servicing volume of $187,000,000.
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Barrington Bank & Trust ranked 12th with a mortgage servicing volume of $200,000,000.
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BOK Financial ranked 11th with a mortgage servicing volume of $319,000,000.
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Bank of America ranked 10th with a mortgage servicing volume of $729,000,000.
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Regions Bank ranked 9th with a mortgage servicing volume of $1,026,000,000.
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Flagstar Bank ranked 8th with a mortgage servicing volume of $1,092,000,000.
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Citizens Bank ranked 7th with a mortgage servicing volume of $1,564,000,000.
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Fifth Third Bank ranked 6th with a mortgage servicing volume of $1,756,000,000.
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Truist Bank ranked 5th with a mortgage servicing volume of $3,402,000,000.
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U.S. Bank ranked 4th with a mortgage servicing volume of $3,462,000,000.
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PNC Bank ranked 3rd with a mortgage servicing volume of $3,762,000,000.
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Wells Fargo ranked 2nd with a mortgage servicing volume of $7,336,000,000.
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JPMorgan Chase ranked 1st with a mortgage servicing volume of $8,605,000,000.
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