McLean Mortgage Lifts Originations and Staffing

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MORTGAGE EXPERT
7 · 29 · 13

Quarterly home loan production at McLean Mortgage Corp. jumped by nearly a quarter. Staffing, meanwhile, continued to expand.

From the beginning of April through the end of June, residential loan originations totaled $0.486 billion, according to Mortgage Daily’s second-quarter mortgage origination survey.

Business jumped from the previous three-month period, when mortgage production totaled $0.394 billion.

During the same quarter in 2012, volume at the Fairfax, Va.-based firm totaled 979 loans for $0.308 billion.

McLean funded $0.880 billion during the entire first six month of this year.

Purchase financing accounted for more than 40 percent of first-half production, according to McLean Mortgage Chief Executive Officer Pat Peavley.

The lender doesn’t service any loans.

As of the end of June, there were 195 people employed at the lender.

Headcount was up from 174 at the end of March. As of June 30, 2012, staffing stood at 149 people.

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Mortgage Daily Staff

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