Company: ABR-PF
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001628280-25-007183
Chunk: 7

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 7
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 on escrow deposits held on behalf of borrowers, net of amortization on the MSR assets. Our income from MSRs as a percentage of loan commitment volume (“MSR rate”) was 115 basis points for 2024.

Agency Business servicing portfolio product and geographic concentration information at December 31, 2024 is as follows ($ in thousands):

Product ConcentrationsGeographic ConcentrationsProductLoanCountUPB (1)%ofTotal Wtd. Avg. Servicing Fee Rate(basis points)Wtd. Avg. Life ofPortfolio(years)StateUPB %of Total Fannie Mae2,644$22,730,056 67 %46.46.4Texas11 %Freddie Mac1,1596,077,020 18 %21.56.8New York11 %Private Label1612,605,980 8 %18.75.5California8 %FHA1061,506,948 5 %14.119.2North Carolina7 %Bridge (2)3278,494 1 %10.43.0Georgia6 %SFR - Fixed Rate52271,859 1 %20.14.4Florida6 %Total4,125$33,470,357 100 %37.86.9New Jersey5 %Other (3)46 %Total100 %

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(1)Excludes loans in which we are not collecting a servicing fee.

(2)Represents bridge loans sold by our Structured Business that we are servicing. 

(3)No other individual state represented 4% or more of the total.

Operations

The following describes our lending and investment process for both our Structured and Agency Businesses.

Origination. We have a network of sales and support offices in California, Florida, Indiana, Maryland, Massachusetts, Michigan, New Jersey, New York, and Texas that staff 26 loan originators who solicit property owners, developers, and mortgage loan brokers. In some instances, the originators accept loan applications which meet our underwriting criteria from a select group of mortgage loan brokers. Once potential borrowers have been identified, we determine which of our financing products best meet the borrower’s needs. Loan originators in every sales office can offer borrowers the full array of finance products for both the Structured and Agency businesses. After identifying a suitable product, we work with the borrower to prepare a loan application. Upon completion by the borrower, the application is