Though Alaska USA Federal Credit Union’s quarterly mortgage production inched downward on a linked-quarter basis, the lender gained in servicing and staffing.
During the first quarter, Alaska USA originated 1,004 loans at $0.247 billion.
This information was provided through the financial institution’s participation in the Mortgage Daily First Quarter 2015 Mortgage Origination Survey.
All of the loans were closed through the retail lending channel via its subsidiary, Alaska USA Mortgage Company LLC.
Alaska USA’s lending volume slipped from the fourth-quarter 2014, when 1,115 mortgages were funded at $0.267 billion.
In the first quarter a year ago, however, loan production was much lower with just 761 loans closed at $0.174 billion.
As of March 31, 2015, the Anchorage, Alaska-based organization serviced 26,961 loans at $4.959 billion.
The total servicing portfolio included $4.617 billion in third-party servicing and $0.342 billion in owned loans.
The total increased from 26,838 loans for $4.925 billion as of Dec. 31 last year.
The most-recent servicing portfolio also climbed ahead of the same point last year, when the portfolio was at 25,897 loans for $4.692 billion.
Staffing increased by seven, from the end of last year to 218 as of March 31, 2015.
The headcount, however, was nine short of employees accounted for as of March 31, 2014.
