Home lending at PrimeLending was up by more than half last year. In addition, dozens of employees were added to its mortgage staff, and its mortgage servicing portfolio expanded.
During the final three months of last year, the Dallas-based mortgage banker originated 18,604 residential loans, according to data provided to Mortgage Daily. That worked out to $3.974 billion in mortgages.
All of PrimeLending’s production is generated through its own retail originators.
While PrimeLending closed a few less loans than the 18,701 funded in the third quarter, dollar volume picked up from $3.885 billion.
Mortgage originations were stronger than in the fourth-quarter 2011, when fundings amounted to $3.0 billion.
Production during all four quarters of last year amounted to 66,670 loans for $13.734 billion. Production surged from $8.8 billion in 2011.
The company’s mortgage servicing portfolio ended 2012 at 2,200 loans for $0.376 billion. Three months earlier, PrimeLending serviced 1,161 loans for $0.201 billion.
The Dec. 31 total included 108 portfolio loans for $0.024 billion and 2,092 loans for $0.353 billion that are serviced for third parties.
Staffing grew to 2,643 employees from 2,590 people at the end of September.
PrimeLending-parent PlainsCapital Corp. was acquired by Hilltop Holdings Inc. for $700 million, according to a Dec. 3, 2012, announcement. The deal reportedly came in as the tenth-biggest bank deal in the last three years.
