Not only did quarterly loan originations increase at Fairway Independent Mortgage Corp., but the servicing portfolio grew and human resources expanded.
Residential loans production during the first-three months of this year came to 13,230 loans for $2.838 billion.
Business edged up from
the final three months of last year, when 13,230 mortgages were closed for $2.818 billion.
Fairway disclosed the metrics, along with other operational statistics, as part of the  Mortgage Daily First Quarter 2016 Mortgage Origination Survey.
Activity also ascended from the first-three months of last year, when originations amounted to
10,161 loans for $2.212 billion.
First-quarter 2016 mortgage volume was comprised of $2.621 billion in retail
production, $0.185 billion in wholesale lending and $0.032 billion in correspondent acquisitions.
The Sun Prairie, Wisconsin-based firm serviced 16,223 home loans for $3.450 billion as of March 31, 2016.
The servicing portfolio
grew from 15,401 loans for $3.290 billion three months earlier and 8,024 loans at $1.616 billion a year earlier.
Third-party servicing accounted for $3.445 billion of the latest total.
Staffing at Fairway finished last month at 3,316 employees.
Headcount expanded from 3,039 people as of Dec. 31, 2015, and shot up from 2,285 employees as of March 31, 2015.
