Residential lenders and servicers alike are keeping a close eye on rising interest rates these days but for decidedly different reasons: Originators are feeling the pain of lower application volumes, while servicers are trying to figure out when they should cash in. For the shops that both lend and service, they’re hoping that the boom in mortgage servicing rights valuations will offset reduced income from loan closings. “I would say the mood is for caution,” said executive recruiter Rick Glass ...