Service Revenue Growth
Total company service revenue grew by 4% to $39.7 million compared to the third quarter of last year.
Improved Financial Metrics
Pre-tax loss improved by $6.8 million to $1.7 million compared to a pretax loss of $8.5 million in the same quarter last year.
Increased Operating Cash Flow
Operating cash flow improved by $2.3 million compared to last year.
Growth in Origination Segment
Third quarter service revenue of $8.5 million was 9% higher than the third quarter of 2024. New sales in the Origination segment could increase annualized third quarter service revenue by 33%.
Foreclosure and REO Asset Management Opportunities
Third quarter sales wins estimated to generate $3.2 million in annual service revenue, with a sales pipeline of $24.4 million in annual service revenue.