Residential loan production was higher at Mortgage Master Inc. and has improved for three consecutive quarters. The lender has taken steps to keep the momentum going.
From Jan. 1 until March 31, the Walpole, Mass.-based company closed 7,013 home loans for $2.189 billion, according to data provided to Mortgage Daily.
All business at Mortgage Master, which claims to be “one of the country’s largest privately-owned mortgage companies,” is generated through the retail production channel.
Originations expanded from 6,858 residential mortgages closed for $2.105 billion during the fourth quarter of last year.
Volume has increased each quarter since the second-quarter 2012, when 5,203 loans were originated for $1.577 billion.
A year earlier, mortgage production totaled 5,449 units for $1.678 billion.
Staffing at Mortgage Master finished March at 754 employees, up from headcount of 705 at the end of last year and 550 at the same point in 2012.
The company plans to continue its growth with a California expansion.
On Wednesday, Mortgage Master announced La Jolla, Calif., branch manager Ito Rodi will lead a recruitment campaign in San Diego County.
“Our model, which provides borrowers with the best deals and enables loan officers to increase their own production and income, is different than any we have seen in the California market,” Rodi said in the statement. “In addition, Mortgage Master’s loan officers earn significantly more than industry standards and many are ranked year in and year out as top originators in the country.”
