Home-lending volume at Movement Mortgage LLC held up from the prior quarter and a year prior. The company’s payroll continued modest growth.
The Indian Land, South Carolina-based organization serviced 4,171 residential loans with a collective unpaid principal balance of $0.413 billion as of Sept. 30.
Movement, which reported the data as part of the Mortgage Daily Third Quarter 2017 Mortgage Origination Survey, said $0.412 billion was third-party servicing.
The total portfolio grew from 3,175 loans for $0.336 billion as of mid-year 2017 and 2,353 loans for $0.427 billion as of Sept. 30, 2016.
Movement originated 15,968 loans for $3.580 billion during the latest three-month period. All of the loans were generated through the retail channel.
Mortgage production dipped from the second-quarter 2017, when 16,227 loans were closed for $3.695 billion. There was hardly any change from the
15,865 single-family loans funded for $3.545 billion in the third-quarter 2016.
From Jan. 1, 2017, through Sept. 30, Movement’s volume amounted to 43,562 units for $9.780 billion.
Movement finished last month with 4,279 people on its payroll. Staffing inched up from 4,267 employees as of June 30, 2017, and expanded from
3,887 as of Sept. 30, 2016.
