twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.

McLean Lifts Quarterly Fundings From Year Earlier

Q4 production off less than 1% from Q3

Feb. 13, 2015

By AIMEE L. BROWN Mortgage Daily

Though McLean Mortgage Corp. saw a slight bump in the number of loans produced last quarter, the dollar amount slipped just below the prior period's.

In the three months ended Dec. 31, McLean produced 1,135 retail-originated loans at $0.377 billion.

The Fairfax, Va.-based firm provided this information through its participation in the Mortgage Daily Fourth Quarter 2014 Mortgage Origination Survey.

McLean, which recently celebrated its seventh anniversary as a mortgage lender, closed four more loans than in the third quarter.

Despite this increase, the fourth-quarter origination amount was $0.002 billion less than the prior period.

Still, recent quarterly originations finished ahead of the 818 loans closed at $0.2770 billion in the fourth-quarter 2013.

Altogether, McLean's production total for all 12 months of last year was 3,991 loans closed for $1.332 billion -- short of the record $1.504 billion in 2013 volume.

"This level of closings was achieved despite the fact that the Mortgage Bankers Association indicated residential loan volumes for the industry dropped approximately 40 percent in 2014 when compared to 2013," a company statement said.

Employee headcount remained steady at 230 as of the last day of 2014. This number was the same as the prior quarter ended and slightly ahead of the 214 reported at the end of 2013.

McLean said it plans to continue expanding its footprint in the Atlantic Region and is interviewing branch managers and loan officers.

McLean Mortgage profile

next story

back to current headlines

Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders