The first report of second quarter mortgage originations was delivered by Mortgage Master Inc., and business has diminished from the first three months of 2013. But staffing expanded at the company.
During the second quarter of this year, residential loan production at the Walpole, Mass.-based company totaled 5,628 loans for $1.792 billion, according to Mortgage Daily’s quarterly origination survey.
Mortgage Master, which says it is “one of the country’s largest privately-owned mortgage companies,” originates all of its business through the retail channel.
Loan fundings retreated from the prior period, when 7,013 mortgages were funded for $2.189 billion.
But new business was better than the second-quarter 2012, when production amounted to 5,203 loans for $1.577 billion.
Volume for the entire first half of this year at Mortgage Master was 12,641 loans closed for $3.981 billion.
As of June 30, the lender employed 771 people.
Staffing was up from three months earlier, when the company had 754 employees.
Headcount has also grown from June 30, 2012, when 587 people were employed.
