McLean Volume Down, Staffing Up

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New quarterly mortgage production was lower at McLean Mortgage Corp., but the number of employees on the payroll inched higher.

Residential loan originations amounted to 1,057 units funded for $0.354 billion, according to the Mortgage Daily Third Quarter 2013 Origination Survey.

All of the mortgage banker’s loans are originated through the retail production channel.

New business dropped off from the second quarter, when $0.486 billion in loan fundings were reported.

In the same three-month period last year, 1,373 home loans were closed for $440.790 billion.

From Jan. 1 through Sept. 30 of this year, mortgage production at the Fairfax, Va.-based company totaled $1.234 billion.

McLean reported that staffing finished last month at 198 employees.

Headcount was up three employees from the end of June.

At the same point in 2012, McLean employed 168 people.


Mortgage Daily Staff


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