Annual residential loan production increased at Guaranteed Rate Inc., while the servicing portfolio grew. Quarterly originations and staffing, however, retreated.
In the three months ended Dec. 31, the Chicago-based company closed 9,763 loans for $2.792 billion, according to the Mortgage Daily Fourth Quarter 2013 Origination Survey.
Business slid from the prior three-month period, when Guaranteed originated 14,157 loans for $4.047 billion.
Loan production also tumbled from the fourth-quarter 2012, when 17,554 mortgages were funded for $4.907 billion.
Full-year volume at Guaranteed, which originates only through the retail production channel, was 55,074 loans for $15.859 billion.
Annual activity was better than in 2012, when $14.738 billion in home loans were originated.
The mortgage servicing portfolio finished last year at 16,717 loans for $4.011 billion, up from 16,142 mortgages serviced for $3.917 billion three months earlier.
A year earlier, Guaranteed serviced 7,061 loans for $1.771 billion.
The Dec. 31, 2013, servicing portfolio included $4.005 billion in loans serviced for investors and $0.006 billion in portfolio loans.
Headcount was reduced to 2,691 employees from 2,803 as of Sept. 30.
But the number of employees was up from Dec. 31, 2012, when staffing stood at 2,391 people.
