As has been the case for many lenders, quarterly originations slipped at Caliber Home Loans Inc. But servicing and staffing expanded.
As of year-end 2016, the Irving, Texas-based firm serviced
403,751 mortgages with an aggregate unpaid principal balance of $91.065 billion.
That was according to data provided by Caliber as part of the
Mortgage Daily Fourth Quarter 2016 Mortgage Origination Survey.
The servicing portfolio grew from the end of the third quarter, when 372,634 loans were serviced for $83.698 billion.
Included in the year-end 2016 total was $89.200 billion in third-party servicing and $1.865 billion in owned assets.
Residential originations during the final three months of last year totaled 46,715 loans for
$12.084 billion.
Business dipped from 48,497 loans closed for $12.684 billion three months earlier.
Fourth-quarter 2016 production consisted of $4.757 billion in retail originations, $3.998 billion in wholesale lending and $3.329 billion in correspondent acquisitions.
During all of last year, 156,959 mortgages were funded for $40.333 billion. Business
accelerated from 2015, when total production came to $25.637 billion.
Staffing concluded 2016 at 5,970 employees.
The payroll expanded from 5,723 people as of Sept. 30, 2016.
