In addition to achieving a quarter-over-quarter and year-over-year boost in home lending, Churchill Mortgage Corp. expanded the size of its workforce.
The Brentwood, Tennessee-based mortgage-banker serviced 15 residential loans with an aggregate principal balance of $0.002 billion as of June 30, 2016.
The metrics, as well as other operational statistics, were provided as part of the Mortgage Daily Second Quarter 2016 Mortgage Origination Survey.
The servicing portfolio was down from three months earlier, when the total was 16 loans for $0.003 billion.
No servicing portfolio was reported as of a year earlier.
The most-recent total included
13 mortgages serviced for third parties.
Residential loan originations totaled 1,912 mortgages for $0.391 billion during the second-quarter 2016. All of the loans were generated through the retail channel.
Business grew from 1,508 loans closed for $0.302 billion in the first quarter and
1,715 loans for $0.353 billion funded during the second quarter 2015.
First-half 2016 volume amounted to 3,420 loans for $0.693 billion.
Staffing finished June 2016 at 394 employees.
Headcount was up by 12 people from March 31, 2016.
As of June 30, 2015, there were 357 employees on the payroll.
