A solid improvement in residential loan production was reported by McLean Mortgage Corp. Staffing, which has subsided over the past year, was up for the quarter.
Home lending volume during the three months ended June 30 was 1,305 loans for $0.435 billion.
All of the Fairfax, Virginia-based mortgage banker’s home loan production is reportedly generated through the retail channel.
McLean provided the operational details as part of its participation in the Mortgage Daily Second Quarter 2015 Mortgage Origination Survey.
New business improved compared to the first three months of this year, when originations came to
1,101 loans for $0.391 billion.
Activity also ascended from 1,065 residential loans closed for $0.366 billion
in the second-quarter 2014.
Year-to-date June 30, 2015,
McLean Mortgage has funded 2,406 loans for $0.826 billion.
No servicing was reported.
But staffing data was supplied indicating that
222 people were on the payroll as of the end of last month.
Headcount expanded from 213 people as of Dec. 31, 2014.
But fewer employees were on board compared to
230 as of mid-2014.
