While many of its peers saw residential loan production weaken during the final quarter of last year, loanDepot LLC reported a healthy gain in new business.
From the period that began on Oct. 1, 2016, and concluded at year-end 2016, the
Foothill Ranch, California-based firm originated $11.584 billion in home loans.
Those details, as well as other operational metrics, were provided as part of the the Mortgage Daily Fourth Quarter 2016 Mortgage Origination Survey.
Lending picked up from $10.133 billion closed in the previous three-month period and surged from $6.778 billion the final-three months of 2015.
loan Depot was one of the very few home lenders to report a quarter-over-quarter increase in business.
Full-year 2016 mortgage production amounted to $38.217 billion. Annual activity ascended from $28.359 billion during all of 2015.
loanDepot didn’t report a servicing portfolio.
But it did report a staff of 5,740 people as of the end of last year. Headcount
grew from 5,422 employees as of Sept. 30, 2016, and 5,000 workers as of Dec. 31, 2015.
