Loan originations slipped from the fourth quarter of last year at United Shore Financial Services LLC. Employment, however, expanded.
From Jan. 1 through March 31, residential loan originations at the Birmingham, Mich.-based company were 12,428 loans for $2.760 billion.
The operating statistics were provided in response to Mortgage Daily’s first-quarter 2013 origination survey.
United Shore’s business slowed from the final quarter of last year, when mortgage production amounted to 16,555 loans for $2.982 billion.
A year earlier, 4,349 home loans were funded for $0.830 billion.
Retail originations accounted for $0.281 billion of the latest activity, an increase from $0.266 billion in the prior three-month period.
Wholesale volume generated through United Wholesale Mortgage fell to $2.479 billion from $2.716 billion in the fourth-quarter 2012.
United Shore didn’t report details about its mortgage servicing portfolio, which stood at 22,832 loans for $4.123 billion as of Sept. 30, 2012.
Staffing at all of United Shore expanded to 1,200 employees as of March 31 from 1,080 as of Dec. 31, 2012.
