Quarterly home lending jumped at Alaska USA Federal Credit Union’s, while the servicing portfolio grew and staffing expanded.
The financial institution funded 1,347 residential loans for $0.341 billion during the period from April 1 through June 30.
Alaska USA provided the details, along with other operational metrics, as part of the Mortgage Daily Second Quarter 2015 Mortgage Origination Survey.
Business was significantly elevated from the first quarter of the year, when 1,004 loans were closed for $0.247 billion.
Mortgage production also ascended from the second-quarter 2014, when
1,141 home loans were originated for $0.270 billion.
During the six months ended June 30, 2015, mortgage production amounted to 2,351 loans for $0.587 billion.
The
Anchorage, Alaska-based company reported that all of its loans were originated through the retail channel.
As of the end of the second-quarter 2015, Alaska USA serviced
27,252 loans for $5.060 billion.
The residential loan servicing portfolio
grew from 26,961 units for $4.959 billion three months earlier and 26,199 loans for $4.757 billion a year earlier.
The most-recent servicing portfolio included
$0.384 billion in mortgages owned by the credit union and $4.676 billion in loans serviced for third parties.
At the end of June 2015, there were 224 mortgage employees on staff at Alaska USA.
Headcount was up by six people versus the end of March and by 24 employees compared to the same point last year.
