Residential loan originations ascended, the mortgage servicing portfolio grew and staffing expanded during the most-recent quarter at Movement Mortgage LLC.
Home lending volume from Jan. 1 through March 31 of this year came to 10,050 loans for $2.135 billion.
Based on dollar volume, originations ascended from 10,205 loans funded for $2.105 billion during the final-three months of last year.
Movement Mortgage disclosed the data, along with other operational metrics, as part of the the Mortgage Daily First Quarter 2016 Mortgage Origination Survey.
Activity at the Virginia Beach-based business also improved from the first-quarter 2015, a period that saw 6,702 loans closed for $1.365 billion.
All of Movement Mortgage’s production is generated through the retail lending channel.
As of March 31, 2016, Movement Mortgage serviced 1,415 loans for $0.280 billion.
The servicing portfolio
grew from 1,112 loans for $0.218 billion at year-end 2015. As of the end of the first-quarter 2015, there were just 295 loans serviced for $0.058 billion.
The most-recent total included $0.272 billion in third-party servicing.
Headcount finished last month at 3,373 employees.
Staffing
expanded from 3,015 people three months earlier and nearly doubled from 1,759 employees a year earlier.
