Stonegate Mortgage Corp. is just about the only home lender that has been consistently growing its originations and is likely to continue doing so.
The Indianapolis-based company closed 12,263 loans for $2.340 billion during the three months ended Sept. 30, according to the Mortgage Daily Third Quarter 2013 Mortgage Origination Survey.
Business was better than in the second quarter, when 11,294 loans were originated for $2.086 billion.
Stonegate also lifted volume from the third quarter of last year, when production totaled 5,475 loans for $1.051 billion.
In fact, residential lending has been higher every quarter since at least the first-quarter 2011, when originations amounted to just $0.150 billion.
And with its pending acquisition of Nationstar Mortgage LLC’s wholesale lending unit — which funded $3.3 billion in broker business during the first three quarters of 2013 — the growth is likely to continue for at least another quarter.
Stonegate’s third-quarter production included $0.153 billion in retail business, $0.422 billion in wholesale originations and $1.766 billion in correspondent acquisitions.
Year-to-date Sept. 30 volume from all three origination channels totaled 33,528 loans for $6.326 billion.
Stonegate serviced 54,155 loans for $9.683 billion as of the end of the third quarter.
Three months earlier, the servicing portfolio was 42,763 loans for $7.590 billion, while it stood at 17,714 loans for $2.943 billion a year earlier.
Headcount at Stonegate closed out September at 742 employees.
Staffing expanded from 662 people as of June 30 and 353 employees as of Sept. 30, 2012.
