Alaska USA Federal Credit Union reported an increase in quarterly residential lending, growth in its mortgage servicing portfolio and an increase in mortgage staffing.
As of mid-2016, Alaska USA serviced 27,662 home loans totaling $5.220 billion. The servicing portfolio grew from 27,647 loans for $5.190 billion as of March 31.
Those details, along with other operational metrics, were presented by the credit union as part of the Mortgage Daily Second Quarter 2016 Mortgage Origination Survey.
The Anchorage, Alaska-based firm serviced
27,252 loans for $5.060 billion as of June 30, 2015.
Included in the latest number were $4.870 billion in third-party servicing and $0.350 billion in owned loans serviced.
Alaska USA reported that it originated 1,146 loans for $0.293 billion during the three months ended June 30, 2016.
Business, which is solely generated through the retail channel,
climbed from 840 units funded for $0.211 billion in the first quarter.
Second-quarter 2015 mortgage production totaled
1,347 loans for $0.341 billion.
From Jan. 1 through June 30 of this year, Alaska USA originated 1,986 loans for $0.503 billion.
There were 221 mortgage employees on the financial institution’s payroll as of the most-recent date.
Staffing was up six people from three months earlier but down three people from a year earlier.
