Not only did Fairway Independent Mortgage Corp. lift its quarterly home lending activity from the prior period, its payroll expanded. Loan servicing, however, subsided.
In the three months that ended on June 30, residential loan production was 14,026 mortgages closed for $3.064 billion.
The
Sun Prairie, Wisconsin-based firm revealed the lending numbers, as well as other operational data, as part of the Mortgage Daily Second Quarter 2015 Mortgage Origination Survey.
Fairway cranked up its business compared to the first quarter of this year, when 10,161 loans were funded for $2.212 billion.
The latest activity brought first-half 2015 mortgage production to 24,187 loans for $5.276 billion.
Second-quarter business was comprised of $2.843 billion in retail originations, $0.163 billion in wholesale fundings and $0.058 billion in correspondent acquisitions.
Fairway reported that it serviced 4,582 loans for $0.999 billion as of June 30, 2015.
The servicing portfolio was reduced from 8,024 loans for $1.616 billion as of three months earlier.
The second-quarter total included $0.995 billion in loans serviced for third parties and $0.003 billion in loans owned by Fairway.
Staffing at the mortgage banker closed out the latest period at 2,541.
Headcount increased from 2,285 as of March 31.
