Stonegate Mortgage Corp. is among the very few lenders to report an increase in home lending activity thanks to correspondent activity. Servicing was also up, though staffing subsided.
During the period from July 1 through Sept. 30, Stonegate closed 15,139 loans for $3.483 billion.
The operational metric was one of many reported by the Indianapolis-based mortgage banker as part of the Mortgage Daily Third Quarter 2015 Mortgage Origination Survey.
Business was better than in the second quarter, when 14,845 loans were funded for $3.440 billion.
The only other mortgage lenders to report a quarter-over-quarter increase in originations so far are JPMorgan Chase & Co. and US Bancorp.
Activity also ascended from the third-quarter 2014, when Stonegate generated 16,439 residential loan closings for 3.537 billion.
During the nine months ended Sept. 30, 2015, there were 41,891 loans funded for $9.761 billion.
Third-quarter 2015 business included $0.686 billion in retail originations, down from $0.756 billion the prior period.
Additionally included was
$0.575 billion in wholesale production, also down from the second quarter, when wholesale volume was $0.623 billion.
But there was an increase in correspondent acquisitions — to $2.222 billion from $2.061 billion three months earlier.
Stonegate serviced 92,740 home loans for $18.165 billion as of Sept. 30, 2015.
The servicing portfolio expanded from 91,934 loans for $17.244 billion as of mid-year 2015 and
95,650 loans for $17.667 billion as of Sept. 30, 2014.
Headcount finished last month at 1,324 people.
Staffing was reduced from 1,349 people at the end of June
but has increased from 1,272 employees at the same point last year.
