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Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.
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| Associated Bank Lifts Mortgage Production
Q2 production up 12% from Q1
Aug. 12, 2013
By Mortgage Daily staff
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Quarterly residential lending accelerated at Associated Banc-Corp, while the volume of home loans serviced managed to creep higher.
Second-quarter mortgage production was 6,301 units funded for $1.221 billion, according to Mortgage Daily's latest loan origination survey.
The Green Bay, Wis.-based company lifted production from the first quarter, when it originated 6,116 home loans for $1.095 billion.
In the same period last year, Associated closed $1.1 billion in residential loans.
Second-quarter 2013 business included $0.837 billion in retail fundings, $0.070 billion in wholesale production and $0.314 billion in correspondent volume.
Business from all channels totaled 12,417 loans for $2.316 billion during the entire first half of 2013.
The mortgage servicing portfolio finished June at 82,992 loans for $11.408 billion. That wasn't much different than 81,450 loans for $11.071 billion as of March 31.
The June 30 total reflected $3.598 billion in loans owned by Associated and $7.810 billion in third-party servicing.
Mortgage headcount finished the second quarter at 499 employees. |
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Associated Bank profile
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