As the loan servicing portfolio expanded, and the number of employees climbed past 2,000 at Primary Residential Mortgage Inc., originations crept up.
As of Sept. 30, the
Salt Lake City-based mortgage-banking firm serviced 13,045 residential loans with a collective unpaid balance of $2.418 billion.
PRMI provided the details about its operations as part of its participation in the Mortgage Daily Third Quarter 2016 Mortgage Origination Survey.
Three months earlier, the servicing portfolio stood at 11,873 loans for $2.247 billion, while it was
10,692 home loans for $2.169 billion as of one year earlier.
The Sept. 30, 2016 total included $0.002 billion in owned assets and $2.416 billion in loans serviced for third parties.
Mortgage originations totaled 8,185 loans for $1.802 billion during the three months ended Sept. 30 of this year. All of PRMI’s business is generated through the retail channel.
Business ticked up from 7,999 units funded for $1.725 billion in the second quarter. Activity also ascended from the third-quarter 2015, when 7,760 loans were closed for $1.603 billion.
During the first-nine months of this year, mortgage production came to 21,873 loans for $4.718 billion.
Headcount grew to 2,047 people from 1,990 employees as of mid-2016.
As of Sept. 30, 2015, staffing stood at
2,024.
