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loanDepot Lifts Home Lending from Year Earlier

Quarterly mortgage originations were up from the same period last year at loanDepot LLC. The company trimmed its servicing and staffing from year-end 2017.

The Foothill Ranch, California-based mortgage banker serviced 201,917 loans with an aggregate unpaid principal balance of $45.130 billion as of March 31.

loanDepot disclosed the details, along with other operational metrics, in connection with the Mortgage Daily First Quarter 2018 Mortgage Origination Survey.

The servicing portfolio was trimmed from 203,588 loans for $46.765 billion at the end of last year. But the portfolio has grown from $34.096 billion as of the same date in 2017.

Single-family loans originated numbered 33,757, while the principal amounts totaled $8.437 billion.
Business was down from 38,899 mortgages for $10.081 billion in the fourth-quarter 2017.But loanDepot pushed production higher versus the $7.482 billion closed in the first-quarter 2017.

Staffing finished March 2018 at 6,332 people.
Headcount slipped 12 positions from Dec. 31, 2017, but rose 332 employees from March 31 of last year.

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