The mortgage servicing portfolio grew at loanDepot LLC. Home-lending activity was also up on a quarter-over-quarter basis but down on a year-over-year basis.
At the midpoint of this year, the Foothill Ranch, California-based organization serviced 166,427 loans that had an aggregate unpaid principal balance of $39.119 billion.
loanDepot provided the details, along with other operational metrics, in connection with its participation in the Mortgage Daily Second Quarter 2017 Mortgage Origination Survey.
The servicing portfolio was up from March 31, when it stood at $34.906 billion.
Single-family originations at loanDepot came to 32,007 loans for $8.329 billion during the three months ended June 30. Business accelerated from the first quarter, when closings totaled $7.482 billion.
Mortgage production subsided, however, from $9.5 billion funded in the second-quarter 2016.
Residential loan originations amounted to $15.811 billion during the entire first half of this year.
Mortgage staffing concluded the second-quarter 2017 at 5,826 employees. Headcount retreated from 6,000 people three months earlier. But the payroll expanded from 5,300 positions as of mid-2016.
