Quarterly mortgage production improved at Fairway Independent Mortgage Corp. In addition, the mortgage banker grew its staffing level.
Residential loan originations totaled 8,038 loans for $1.677 billion during the three months ended June 30, the Sun Prairie, Wis.-based company reported to Mortgage Daily.
Business picked up from the first quarter, when Fairway funded $1.46 billion in home loans.
Residential mortgage production was also better than the $1.414 billion originated in the second-quarter 2012.
First-half 2013 volume totaled $3.14 billion.
Retail originators generated $1.562 billion of the latest activity, while the wholesale channel was responsible for $0.115 billion and less than $0.001 billion came from correspondent lending.
Staffing finished June at 1,500 employees.
Headcount expanded from 1,415 people as of March 31 and 1,354 employees as of June 30, 2012.
