Quarterly home lending activity moved higher, the residential loan servicing portfolio grew larger, and employment expanded at Guild Mortgage Co.
Sept. 30, the San Diego-based mortgage banking firm serviced 146,026 residential loans with an aggregate principal balance of $27.876 billion.
The portfolio, along with other operational metrics, were disclosed as part of the Mortgage Daily Third Quarter 2016 Mortgage Origination Survey.
The servicing portfolio grew in size from mid-2016, when 136,119 mortgages serviced for
$25.564 billion. At the same point last year, the portfolio stood at 115,005 loans for $20.752 billion.
The latest total included $26.402 billion in loans serviced for third parties.
Mortgage originations totaled 20,370 loans for $4.709 billion during the three months ended Sept. 30, 2016. Production increased from 17,903 loans for $4.067 billion three months earlier and 17,423 loans for $3.952 billion a year earlier.
During the first-nine months of 2016, Guild originated 50,128 loans for $11.479 billion.
Third-quarter 2016 lending consisted of $4.370 billion in retail production and $0.338 billion in correspondent acquisitions.
Guild employed 3,335 people as of the end of September 2016. Headcount was up from 3,280 employees at the end of June and
2,704 as of Sept. 30, 2015.