Quarterly residential loan production grew at Stearns Lending Inc. Also expanding was the number of employees on staff at the lender.
Home loan production during the period from April 1 through June 30 totaled 27,650 loans for $7.073 billion.
The Santa Ana, California-based company reported the numbers, as well as other operational metrics, as part of the Mortgage Daily Second Quarter 2015 Mortgage Origination Survey.
Business at Stearns Lending picked up from the first quarter, when 25,026 loans were closed for $6.460 billion.
Activity also ascended from the second-quarter 2014, when volume totaled 14,437 residential loans funded for $3.753 billion.
During the first-half 2015, mortgage production amounted to
52,676 units for $13.533 billion.
Second-quarter 2015 business included $1.561 billion in retail originations, $3.520 billion in wholesale business and $1.992 billion in correspondent acquisitions.
Stearns Lending said it serviced 138,542 loans for $30.431 billion for third parties as of mid-2015.
The mortgage servicing portfolio
slipped from 134,956 home loans serviced for $30.527 billion as of March 31, 2015.
But the portfolio was up from
116,432 loans for $27.080 billion as of June 30, 2014.
Headcount at the mortgage banking firm finished June 2015 at
1,803 employees.
Staffing
increased from 1,721 employees three months earlier and 1,579 people a year earlier.
