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WHY Choose CMB?
CMB has been providing timely, accurate and useful mortgage servicing valuations since 1995. These have been accepted by all the major accounting firms.
Mortgage servicing valuation is our primary business.
CMB Clients
CMB clients include both public and mutual thrifts, credit unions and commercial banking firms.
We currently provide valuations to almost 50 institutions with over $10 billion in mortgage servicing.
About FASB and mortgage servicing valuation
FASB has issued numerous changes to the accounting for mortgage servicing.
Starting with FASB 140, FASB 156, and FASB 166. And now as part of the Accounting Standards Codification Process, these have been combined and classified as Topic 860 and Presentation section 865000 in the project.
There are various, complex rules for accounting for OMS/MSA's (loans sold with servicing rights retained).
There are also different methods of accounting for the income generated from mortgage servicing, some of which are clearly more advantageous to servicers.
These accounting treatments are mandatory, not optional.
FAQ - Valuing Mortgage Servicing