New mortgage loan originations were down by nearly a quarter during the first three months of this year at PrimeLending.
From Jan. 1 until March 31, retail loan originators at the PlainsCapital Bank Co. subsidiary generated 14,446 loan closings for $3.046 billion based on operational data provided to Mortgage Daily.
PrimeLending doesn’t close residential loans that were originated by mortgage brokers or loan correspondents.
Business retreated from the fourth-quarter 2012, when 18,604 residential loans were funded for $3.974 billion.
But production picked up from the same three-month period in 2012, when 13,757 mortgages were originated for $2.757 billion.
The mortgage servicing portfolio was 3,643 loans serviced for $0.636 billion as of the end of last month. The portfolio included $0.033 billion in portfolio loans and $0.603 billion in loans serviced for third parties.
The total servicing portfolio expanded from 2,200 loans for $0.376 billion as of Dec. 31, 2012.
The first quarter closed out with 2,698 employees on board at the Dallas-based lender.
Staffing was up from 2,643 employees at the end of 2012.
