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Mortgage Origination Statistics

Several mortgage bankers recently reported a host of various loan production metrics in addition to residential loan servicing and staffing data. Some companies touted record activity.

U.S. credit unions held $341 billion in first mortgages as of June 30 — the most ever for the sector — Callahan & Associates reported. Holdings expanded by 10 percent from a year earlier.

Leading the growth was
Iowa, where holdings rose 28 percent. Arkansas’ 27 percent was next, then Ohio’s 27 percent, Mississippi’s more than 20 percent and Maine’s nearly 20 percent.

United Shore Financial Services LLC-subsidiary United Wholesale
Mortgage reported in May that first-quarter production was $3.845 billion. The Troy, Michigan-based company claims it is the “the nation’s top wholesale lender.”

An Aug. 11 announcement from New American Funding said the Tustin, California-based company is closing more than $1 billion a month. Headcount exceeds 2,100 people, and the servicing portfolio stands at $14 billion.

A news release Monday from USA Mortgage indicated that 2016 loan volume has surpassed $1 billion. It was the fifth year in a row that the $1 billion milestone has been reached.

The St. Louis-based firm said originations reached $1.42 billion in 2015, putting fourth-quarter volume at around $0.293 billion.
This year’s production at the 400-employee firm is expected to exceed $1.6 billion.

“Fix-and-Flip” private-money lender Anchor Loans reported earlier this month that it expects to close more than $1 billion in home loans this year.
Originations currently stand at more than $0.100 billion a month. Since its founding in 1998, the company reports 12,500 loans funded for over $3.5 billion — including $0.713 billion in 2015 and $0.477 billion in 2014.

Prosperity Home Mortgage LLC, which previously reported $2.9 billion in 2015 originations, said in June it was the top new lender last year for the Pennsylvania Housing Finance Agency.

On June 2, Irving, Texas-based Pacific Union Financial LLC reported a record $2 billion in locked volume for May. In addition, staffing was reported at 1,600 people, while the servicing portfolio stands at $21 billion.

In Bellevue, Washington, Evergreen Home Loans reported on Aug. 2 that its second-quarter
lending was the the highest on record. First-half originations were up 30 percent from the first-half 2015. Headcount stands at 637 associates.

Since launching in 2013, San Francisco-based LendingHome
reports that is has funded more than $0.750 billion in mortgages, making it the “largest, fastest-growing mortgage marketplace lender,” an Aug. 10 statement said. That works out to around $0.200 billion in volume since April. Staffing stands at 200 employees, the same as in April.

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