Residential loan originations are being generated by a variety of sources, and some of them recently revealed improving volume numbers.
More than 198,000 home loans for $55 billion were originated by California credit unions during all of 2016, the California Credit Union League reported.
loanDepot LLC reported 23,000 loans guaranteed by the Department of Veterans Affairs during 2016 for $7 billion. Volume soared 225 percent from 2014.
Irvine, California-based loanDepot previously reported more than $38 billion in overall residential loan production during all of last year.
From Jan. 1, 2017, through March 31, United Wholesale Mortgage closed $4.5 billion, rising 16.1 percent from a year earlier, Inside Mortgage Finance reported. During just March, production was $1.91 billion.
New American Funding reported $11.7 billion in annual loan originations. That worked out to more than 40,000 mortgages. Staffing exceeds 2,300 employees. Branch count is north of 130, while lending is available in 48 states.
A May 18 statement from Cherry Creek Mortgage Co. said
2016 loans originations were $4.3 billion. Since opening for business three decades ago, the Greenwood Colorado-based firm says it has closed more than 217,000 loans. Headcount is 900 people, and branch count over 14 states is 80 locations.
As of Dec. 14, 2016, approximately $2 billion in mortgage business was expected for all of 2016 at
Draper and Kramer Mortgage Corp. The Lombard, Illinois-based company changed its name after two decades as 1st Advantage Mortgage LLC. D&K reports a staff of 335 people and 25 branches.
During all of 2016, NFM Lending funded 5,817 home loans for $1.407 billion, a
May 7 statement said. NFM opened for business in 1998. From Linthicum, Maryland, it employs more than 400 people, operates more than 40 branches and is licensed in 29 states.
Last year,
Elevations Credit Union reportedly funded almost $1.4 billion in mortgages. The Boulder, Colorado-based financial institution said it was the biggest mortgage lender in two counties and the “No. 1 credit union mortgage lender in Colorado.”
