Mortgage Daily Logo
mortgage news from industry experts

Mortgage Staffing, Servicing Grow at Alaska USA

Mortgage employees on Alaska USA Federal Credit Union’s payroll increased from the prior quarter and a year prior, as did residential loan servicing.

At the middle of 2018, the financial institution serviced 27,385 single-family loans with an aggregate unpaid principal balance of $5.272 billion.

Anchorage, Alaska-based Alaska USA revealed the details as part of the Mortgage Daily Second Quarter 2018 Mortgage Origination Survey.

The mortgage servicing portfolio increased from 27,454 loans for $5.266 billion
as of March 31 and 27,628 loans for $5.260 billion as of June 30, 2017.

Third-party servicing accounted for $4.977 billion of the latest portfolio.

The credit union closed 820 loans for $0.216 billion during the three months ended June 30 of this year. Business, which was all generated through the retail channel, jumped from 695 loans closed for $0.173 billion in the first quarter.

But mortgage production retreated from 1,004 loans originated for $0.260 billion during the second-quarter 2017.

From Jan. 1, 2018, through June 30, Alaska USA closed 1,515 loans for $0.389 billion.

Mortgage staffing concluded the first half at 269 employees, nine more than three months earlier. Headcount has grown by 16 employees since the mid-point of last year.

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...


Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts