Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 8

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 2
Chunk 8
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 parties serviced $55.5 billion UPB of loans, for a total servicing portfolio of $877.5 billion UPB, an increase of $13.3 billion from June 30, 2025. The increase was primarily attributable to new client acquisition and loan production, partially offset by scheduled and voluntary prepayment loan activity.

We generate revenue through servicing and sales of residential mortgage loans, including, but not limited to, gain on residential loans originated and sold and the value of MSRs retained on transfer of the loans. Profit margins per loan vary by channel, with Correspondent typically being the lowest and Direct to Consumer being the highest. We sell conforming loans to the GSEs and Ginnie Mae and securitize Non-QM residential loans. We utilize warehouse financing to fund loans at origination through the sale date.

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The tables below provide selected operating statistics for our Origination and Servicing segment:

UPBThree Months EndedNine Months Ended September 30,(in millions)September 30, 2025% of TotalJune 30, 2025% of Total2025% of Total2024% of TotalQoQ ChangeYoY ChangeProduction by Channel:Direct to Consumer$1,68410%$1,60210%$4,45610%$2,6146%$82 $1,842 Retail / Joint Venture7354%7985%2,1135%3,2248%(63)(1,111)Wholesale2,80817%2,58216%6,92716%4,86612%226 2,061 Correspondent11,17569%11,31669%31,03369%30,62274%(141)411 Total Production by Channel$16,402100%$16,298100%$44,529100%$41,326100%$104 $3,203 Production by Product:Agency$6,89942%$6,94143%$19,34243%$23,21156%$(42)$(3,869)Government8,00849%8,23550%21,78149%16,58740%(227)5,194 Non-QM1,0426%6374%2,0685%7892%405 1,279 Non-Agency4203%4473%1,2393%1651%(27)1,074 Other33—%38—