Quarterly loan production at Fairway Independent Mortgage Corp. was virtually unchanged, though retail business moved higher. Also up was headcount.
Home lending volume during the three months ended Sept. 30 came to 14,618 loans for $3.058 billion.
That was based on the Sun Prairie, Wisconsin-based company’s
participation in the Mortgage Daily Third Quarter 2015 Mortgage Origination Survey.
Business
was barely changed from the previous three month period, when 14,026 mortgages were closed for $3.064 billion.
For all nine months that have elapsed so far this year, Fairway has funded 38,805 loans for $8.334 billion.
Third-quarter business consisted of $2.865 billion in retail originations, up from $2.843 billion three months earlier.
Wholesale production slipped to $0.161 billion from $0.163 billion, while correspondent acquisitions fell to $0.032 billion from $0.058 billion.
Fairway reported a servicing portfolio of 10,568 loans for $2.239 billion as of the end of the latest period. The portfolio grew from 4,582 loans for $0.999 billion as of June 30.
The Sept. 30 portfolio included $0.004 billion in loans owned by the company and $2.235 billion in third-party servicing.
Staffing ended the third quarter at 2,774 employees, increasing from 2,541 people at the end of the second quarter.
