A surge in quarterly residential lending activity was reported by Caliber Home Loans Inc. As well, the mortgage banking firm grew its servicing portfolio and added to its human resources.
Caliber serviced 372,634 mortgages with an aggregate principal balance of $83.698 billion as of Sept. 30. The portfolio increased from 342,001 loans for $76.325 billion the prior quarter.
Those details, along with other operational metrics, were provided by the Irving, Texas-based company as part of the
Mortgage Daily Third Quarter 2016 Mortgage Origination Survey.
Caliber closed
48,497 new residential loans for $12.684 billion during the three months ended Sept. 30. Mortgage production was significantly better than in the second quarter, when 36,467 loans were funded for $9.387 billion.
For all nine months that have completed so far in 2016, Caliber originated 110,244 loans for $28.249 billion.
Third-quarter business included $4.578 billion in retail production, $4.307 billion in wholesale lending and $3.798 billion in correspondent acquisitions.
Staffing at Caliber concluded the most-recent three-month period at 5,723 employees. There were 4,998 people on the payroll as of mid-2016.
