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Jump in USA Mortgage Originations

The quarterly volume of home lending turned sharply higher at USA Mortgage. Also expanding was the number of people on the mortgage banking firm’s payroll.

The St. Louis-based company, a subsidiary of DAS Acquisition Company LLC, funded 2,882 single-family loans for $0.505 billion during the three months that concluded mid-year 2018.

Those details and more were provided as part of USA Mortgage’s participation in the
Mortgage Daily Second Quarter 2018 Mortgage Origination Survey.

Business jumped from the preceding three months, when 1,986 loans were closed for $0.356 billion.

USA previously declined to provide data for the second quarter of last year.

Retail production accounted for $0.500 billion of the latest activity, and wholesale lending volume made up $0.005 billion.

From Jan. 1 through June 30, USA Mortgage originated 4,868 loans for $0.861 billion.

Staffing finished June 2018 at
589 employees. Headcount expanded by eight people versus the end of the previous quarter.

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