First-quarter home-loan production at USA Mortgage pushed well past a quarter-billion dollars, putting the company on pace to surpass $1 billion this year.
In the Mortgage Daily First Quarter 2015 Mortgage Origination Survey, the lender closed 2,048 residential loans at $0.369 billion.
With 2,019 loans funded for $0.364 billion, retail originations comprised the bulk of lending volume at the subsidiary of DAS Acquisition Co. LLC.
Wholesale lenders closed 29 loans at $0.004 billion.
Home loan activity for last year’s fourth and first quarters was unavailable.
The lender, however, said it originated more than $1 billion during all of 2014, according to Mortgage Daily’s 2014 year-end production report.
So far this year, USA Mortgage is on pace to exceed that same marker again.
As of March 31, the mortgage provider’s servicing portfolio consisted of four owned loans for less than $0.001 billion.
The St. Louis-based company accounted for 337 employees at the end of March.
The last headcount for USA Mortgage was 478 as of June 30, 2013.
