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Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.


The Mortgage Production Journal

Recent loan origination reports

Nov. 10, 2013

By SAM GARCIA Mortgage Daily

portrait of Sam Garcia

Several mortgage firms announced recent milestones in home loan originations, with two recognized for their rural lending results.

At Navy Federal Credit Union, third-quarter mortgage production was $2.995 billion, according to the Mortgage Daily Third Quarter 2013 Mortgage Origination Survey.

Business at the Vienna, Va.-based financial institution slipped from the second quarter, when $3.058 billion was originated, but was up from $2.6 billion in the same three-month period in 2012.

During the first nine months of this year, volume at Navy totaled $9.3 billion.

Cole Taylor Mortgage closed $1.596 billion during the three months ended Sept. 30, Taylor Capital Group Inc. reported. Business slowed from the second quarter's $1.874 billion and the third-quarter 2012's $1.385 billion.

Year-to-date Sept. 30 volume worked out to $5.378 billion.

Mortgage originated for sale during the third quarter at Associated Banc-Corp were $0.514 billion, falling from $0.782 billion three months earlier and $0.715 billion a year earlier.

USA Mortgage reported in September that it had surpassed $1 billion in annual volume for the fifth consecutive year.

In addition, USA Mortgage, which has its headquarters in Creve Coeur, Mo., said it is on pace to be the top lender in the metropolitan St. Louis area for 2013 for the second consecutive year.

"Reflecting national trends, we've seen purchase loans decisively outpace refinancing loans by about a two-to-one margin in July and August, 2013," Doug Schukar, president and chief executive officer of USA Mortgage-parent DAS Acquisition, said in the news release. "Conversely, over the first six months of 2013, approximately 60 percent of our volume was refinance business and 40 percent new purchase loans."

The Oklahoma Housing Finance Agency reported that 468 loans for $612 million were closed through its Advantage Homebuyer Program during the 12 months ended during September. The program provides borrowers with 3.5 percent in downpayment assistance.

The agency said that the top 10 lenders were Arvest Mortgage Co., BancFirst, Bank of Oklahoma, Cornerstone Home Lending, First American Mortgage, First Mortgage Corp., First United Bank and Trust, Leader Mortgage Corp., PrimeLending and Republic Bank of Norman.

Inlanta Mortgage originated more than 3,380 Wisconsin loans for nearly $415 million utilizing more than $5 million from the U.S. Department of Agriculture's Guaranteed Rural Housing program. The level of activity earned the company the distinction of being designated as a "Platinum Million Dollar Lender" by the USDA.

Laura Leonhard, manager of Inlanta's branch in Marshfield, Wis., was reportedly ranked by Scotsman Guide as being the top USDA originator last year.

The USDA also recognized GSF Mortgage Corp. as a "Platinum Million Dollar Lender" thanks to its $414 million in lending through the Guaranteed Rural Housing program, according to a recent news release. Over $5 million was used from the program by the Brookfield, Wis.-based firm to fund more than 3,388 loans.


Sam Garcia founded Mortgage Daily in 1998 and became its full-time publisher in 2000. Prior to his news career he worked in mortgage lending for two decades.

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