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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.
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| Retail Metrics Better than Wholesale as Overall Originations Slip
Credit scores, earnings higher on retail production in Q1
July 1, 2012
By MortgageDaily.com staff
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Retail originators earned about 45 basis points more than their wholesale counterparts in the first quarter, according to new industry data. Credit scores on retail originations were about 7 points higher than on wholesale originations. Regardless of the origination channel, average loans closed per sales employee slipped from the final three months of last year.
The average small and medium-sized independent mortgage companies and subsidiaries originated 1,380 loans for $301 million during the first quarter, easing from 1,431 mortgages for $313 million three months earlier.
Average originations were up, however, from 793 loans for $164 million in the same period last year. |
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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.
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Jumbo Mortgage News
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