New loan fundings accelerated at Stonegate Mortgage Corp. In addition, the lender’s mortgage servicing portfolio expanded and staffing grew.
Second-quarter mortgage production at the Indianapolis-based lender was 11,294 loans for $2.086 billion, according to Mortgage Daily’s origination survey.
Stonegate lifted mortgage production from the prior three-month period, when 9,971 home loans were originated for $1.900 billion.
Production totaled $0.596 billion in the second-quarter 2012.
So far this year, Stonegate has closed 21,265 loans for $3.986 billion.
The most recent quarterly number reflected $0.194 billion in retail production, $0.402 billion in wholesale business and $1.489 billion in correspondent volume.
Stonegate finished June with a servicing portfolio of 42,763 loans for $7.590 billion. The portfolio was 34,642 loans serviced for $6.115 billion three months earlier.
As of June 30, there were 662 people employed by the company.
Staffing expanded from 519 people at the end of the first quarter and just 254 people at the same point in 2012.
