Originations accelerated at Freedom Mortgage Corp., while the residential loan servicing portfolio grew and its mortgage staffing expanded.
There were 47,582 loans originated for $10.473 billion during the three months ended June 30.
The Mount Laurel, New Jersey-based company disclosed the numbers as part of the Mortgage Daily Second Quarter 2015 Mortgage Origination Survey.
Business improved from the prior three-month period, when 38,000 loans were closed for $8.8 billion.
Activity also increased from 25,299 loans closed for $5.716 billion billion during the second-quarter 2014.
From Jan. 1 through June 30 of this year, production totaled approximately 85,582 loans
for $19.273 billion.
Second-quarter 2015 volume included $4.213 billion in retail loans, $2.006 billion in wholesale production and $4.254 billion in correspondent acquisitions.
Freedom Mortgage said it serviced 286,902 loans for $56.636 billion as of June 30, 2015.
The portfolio grew from $52 billion three months earlier and
256,446 loans serviced for $47.605 billion a year earlier.
There were
3,083 employees on Freedom Mortgage’s payroll as of the most-recent date.
Staffing was just 1,834 as of mid-2014.
