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Lenders Tout Mortgage Origination Statistics

Whether it’s government-backed lending, wholesale lending or purchase financing — several mortgage banking firms have recently been touting their residential loan production both on a national basis and at a more local level.

Guild Mortgage Co., which previously reported record loan production of 60,331 loans for $13.8 billion during 2015, said Tuesday that last year’s growth was led by the Northwest. The region’s $3.4 billion in volume last year was up 91 percent from 2014.

“Guild has continued to benefit from the high-performing team joining us from Northwest Mortgage in November 2014,” Charles Nay, senior vice president and regional manager for the San Diego-based lender, said in the announcement.

PrimeLending reported
on Feb. 5 that it ranked No. 6 among U.S. originators of purchase financing last year. It was reportedly the fourth consecutive year PrimeLending made the list. Parent Hilltop Holdings Inc.  reported in its fourth-quarter earnings that the Dallas-based mortgage banker originated $13.352 billion in refinances and purchase financing for all of 2015.

loanDepot reported that it funded $29 billion in loans last year. Given that at least $0.353 billion of the total was personal loans, residential originations — including purchase financing, refinances and home-equity loans — totaled approximately $28.6 billion.

Since its launch in 2010, the Irvine, California-based firm has reportedly originated more than $60 billion.

loanDepot reports a staff of more than 5,000 employees as of
Jan. 11. It operates more than 140 mortgage stores.

United Shore Financial Services LLC-subsidiary United Wholesale Mortgage claims in a Feb. 29 press release that it was the biggest wholesale lender in the country last year.

Full-year 2015 production at the
Troy, Michigan-based company came to $12.957 billion. Based on previously reported data, that put fourth-quarter 2015 volume at $3.197 billion.

During the Department of Veterans Affair’s fiscal-year 2015,
Fairway Independent Mortgage Corp. closed 3,737 VA-guaranteed purchase-money loans for $0.819 billion, a recent news release indicated. That made the lender the eighth-largest VA lender.

Bethpage, New York, Bethpage Federal Credit Union reported as part of the Mortgage Daily Fourth Quarter 2015 Mortgage Origination Survey that it closed 560 loans for $0.211 billion during the three months ended Dec. 31, 2015. The total included $0.151 billion in retail originations and $0.060 billion in wholesale lending.

In 2014, Associated Bank
reports that it closed 6,945 residential loans for $1.28 billion. The Green Bay, Wisconsin, lender claims it has been the biggest mortgage lender in the state for seven consecutive years.

A Jan. 14 news release from RCN Capital indicated that it funded $0.109 billion in loans during fiscal-year 2015 — a majority of which were
for single-family loans and commercial mortgages.

Since its founding in 2011, marketplace lender SoFi recently reported that it funded $6
billion in loans — including mortgages, personal loans and student loan refinances.

The Texas State Affordable Housing Corp. reported last month that it financed 1,838 loans for $0.232 billion to low-to-moderate income borrowers in 2015. Cornerstone Home Lending Inc. was the biggest originator for the agency with $0.023 billion in production.

A story from the Baltimore Business Journal indicated that the five-biggest home lenders in Baltimore during 2015 were Wells Fargo Home Mortgage Inc., with 4,038 loans for $0.974 billion; Quicken Loans Inc., with production of 1,843 loans for $0.466 billion; Bank of America Corp., which closed 2,280 loans for $0.441 billion; SunTrust Mortgage Inc., where 1,389 loans were closed for $0.437 billion; and First Home Mortgage Corp., where 1,234 loans were originated for $0.374 billion.

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