In quarter-over-quarter and year-over-year comparisons, United Shore Financial Services LLC saw loan production improvement with loan number and amount funded both increasing.
The close of the fourth quarter 2014 saw United Shore with 11,170 residential loan originations totaling $2.856 billion.
Making up this total were 265 retail originations at $0.050 billion, according to the Mortgage Daily Fourth Quarter 2014 Mortgage Origination Survey.
The remaining 10,905 loans at $2.806 billion came from United Shore’s wholesale lending channels.
Compared to the third-quarter 2014, United Shore’s origination totals increased by a little more than half a billion dollars.
In year-over-year totals, originations jumped just over one billion dollars compared to the fourth-quarter 2013.
Altogether, United Shore’s loan production totaled $5.196 billion during the second half of 2014.
The lender reported no servicing activity.
According to the Birmingham, Mich.-based firm’s website, 1,200 people worked for United Shore — the same number accounted for in the fourth quarter 2013.
