Based on lending activity during the first three months of 2015 at loanDepot LLC, full-year mortgage production is on pace to nearly double 2014 volume.
Residential loan originations at the
Foothill Ranch, California-based firm amounted to $6.4 billion during the first quarter of this year.
The operational details were provided as part of loanDepot’s participation in the Mortgage Daily First Quarter 2015 Mortgage Origination Survey.
The latest activity puts loanDepot on pace to exceed the $13.2 billion in total production for all of 2014 — when business improved by 57 percent..
loanDepot declined to provide details about its mortgage servicing portfolio, which stood at $13.1 billion as of Sept. 30, 2014.
The mortgage banker reported a total staff of more than 4,000 employees as of the latest period. The total included 1,300 loan originators.
Headcount expanded from 3,737 as of Dec. 31, 2014.
