| Venture West Production Off
$271.5 million 4th quarter, record $1 billion year January 30, 2004 By MortgageDaily.com staff |
| A Southern California firm reported a drop in quarterly mortgage production.
Venture West Funding Inc. loan volume totaled about $271.5 million during the fourth quarter, down from $290.4 million in the prior quarter, according to company announcements. Fourth quarter 2002 volume stood at $208.2 million. In 2003, total loan volume reached a record $1.03 billion, rising 23% above the volume during the previous year, said Venture. Apartment and commercial mortgage originations accounted $720 million of the yearly total, while single-family mortgages added $310 million, reported the El Segundo-based company. “Our success during 2003 resulted from a continuing focus on providing tailored financing solutions and portfolio guidance to our growing stable of clients,” said company president Scott Braly in a statement. |
