Not only did home-loan production sprint ahead at Movement Mortgage LLC, but the company’s staffing and servicing portfolio expanded.
Residential loans serviced by the Indian Land, South Carolina-based mortgage banker totaled 1,427 units for $0.284 billion as of June 30, 2016.
These details and other operational metrics were provided as part of
the Mortgage Daily Second Quarter 2016 Mortgage Origination Survey.
The servicing portfolio was modestly larger than as of March 31, when 1,415 loans were serviced for $0.280 billion.
But there has been significant growth in the portfolio compared to the 366 loans serviced for $0.073 billion as of June 30, 2015.
The mid-2016 total included $0.272 billion in mortgages serviced for third parties.
Home-lending volume
worked out to 15,419 loans for $3.345 billion during the second-quarter 2016.
Mortgage production jumped from 10,050 units funded for $2.135 billion three months earlier.
Activity also increased from 10,337 mortgages originated for $2.126 billion in the year-earlier period.
Closings, which are all delivered through the retail channel, amounted to 25,469 loans for $5.480 billion during the first-six months of this year.
Movement Mortgage reported a staff of 3,728 employees as of the end of June 2016.
Headcount was significantly greater than 3,373 at the end of the first-quarter 2016 and 2,098 at the middle of 2015.
