twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
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.

Record Production at Bank of Oklahoma

Q4 volume up 2% from Q3

Feb. 19, 2013

By Mortgage Daily staff

When it comes to home-loan production, BOK Financial Corp. closed more loans in the fourth quarter than during any other three-month period in its history.

Fourth-quarter 2012 mortgage originations were 6,291 loans for $1.125 billion, the Tulsa, Okla.-based company reported to Mortgage Daily. Quarterly volume was the highest on record.

Business inched up from the third quarter, when the parent of Bank of Oklahoma said it funded $1.098 billion.

In the final three-month period of 2011, mortgage production was $0.8 billion.

The latest activity included 5,415 retail loans for $0.967 billion and 876 correspondent units acquired for $0.158 billion.

Refinance share was 62 percent, up slightly from 61 percent in the prior quarter.

Business during the current quarter appears to be headed lower based on outstanding mortgage commitments, which fell by $95 million from the third quarter.

"Despite some industry forecasts of a reduction in mortgage lending activity, we expect our mortgage banking revenue to remain strong in 2013," Bank of Oklahoma Chief Financial Officer Steven Nell said in the quarterly earnings report. "During 2012, we increased the number of mortgage lenders, expanded further into our regional markets and added correspondent loan origination channels.

"In addition, it does not appear that government policies that stimulate mortgage lending will end anytime soon."

Full-year 2012 mortgage production exceeded $3.7 billion, according to earnings data.

During the 12 months ended Dec. 31, 2011, fundings totaled $2.3 billion.

The servicing portfolio finished last year at 103,040 loans for $13.091 billion.

The servicing portfolio, including mortgage loans funded for sale, was $12.802 billion three months earlier and $12.054 billion a year earlier.

Residential loans owned by the bank were $2.051 billion, up from $2.019 billion at the end of September and $1.975 billion at the end of 2011.

Home-equity loans included in the mortgage portfolio closed out last year at $0.761 billion, up $0.046 billion from three months earlier. Around 63 percent of HELs were in first lien position.

Commercial real estate loan holdings grew to $2.233 billion from $2.166 billion but were down from $2.291 billion as of Dec. 31, 2011.

The bank earned $128 million before taxes in the fourth quarter, less than the $134 million earned in the third quarter but more than the $105 million earned a year prior.

Headcount at Bank of Oklahoma was 673 mortgage employees as of Dec. 31, 2012.

Staffing has expanded from three months earlier, when there were 650 mortgage employees, and 12 months earlier, when 538 people were employed.

Bank of Oklahoma profile

next story

back to current headlines

Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.

Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Bank news

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders