Modest quarter-over-quarter and year-over-year increases were made in mortgage originations at Quicken Loans Inc. as servicing climbed.
During the three months that ended at the mid-point of this year, residential loan production came to $22.9 billion.
Activity
picked up from the first quarter of 2016, when Quicken closed $19.4 billion.
Business was also slightly better than in the second-quarter 2015, when fundings totaled $21.3 billion.
The Detroit-based lender disclosed the latest numbers as part of the Mortgage Daily Second Quarter 2016Â Mortgage Origination Survey.
During the entire first-half 2016, loan volume amounted to $44.2Â billion.
Quicken reported a mortgage servicing portfolio of $215.0 billion as of June 30, 2016.
The company serviced $204.5 billion three months earlier and $176.7 billion a year earlier.
Quicken ranked as the best servicer in the
J.D. Power 2016 U.S. Primary Mortgage Servicer Satisfaction Study.
The latest period ended with a staff of 15,000 people.
Headcount was no different than as of March 31, 2016.
But more people were on the payroll than as of June 30, 2015, when the total was 12,000.
