Fairway Independent Mortgage Corp. saw quarter-over-quarter growth in home lending, residential servicing and mortgage staffing. Wholesale lending was up by nearly three-fourths.
Recent quarterly production came to 10,161 loans funded for $2.212 billion, according to information provided through the lender’s participation in the Mortgage Daily First Quarter 2015 Mortgage Origination Survey.
Loan production leapt ahead of the fourth-quarter 2014 total of 8,288 loans originated for $1.720 billion.
Retail originations totaled $2.031 billion and comprised the bulk of Fairway’s latest lending volume. Another $0.059 billion came from correspondent acquisitions.
It was the wholesale division that shined most, closing $0.123 billion — a 74 percent quarter-over-quarter leap.
Fairway’s mortgage servicing portfolio, as of March 31, grew to 8,024 loans at $1.616 billion from 7,593 loans at $1.517 billion as of Dec. 31 last year.
The most recent total included $1.611 billion in loans serviced for third parties and $0.005 billion in owned loans.
At the end of March, Fairway’s staff count was 2,285 employees, 244 more than accounted for at the end of December in 2014.
