Quarterly home loan originations at USA Mortgage moved higher thanks to stronger retail volume. In addition, staffing continued to expand.
During the three months ended June 30, the St. Louis-based firm closed 2,412 loans for $0.407 billion, according to Mortgage Daily’s second-quarter origination survey.
USA Mortgage lifted production from the first quarter, when 2,306 loans were funded for $0.395 billion.
Business was also better than the same period last year, when originations amounted to 2,225 loans for $0.379 billion.
During the first six months of 2013, volume totaled 4,718 loans for $0.801 billion.
Retail originations accounted for most of the latest period’s activity, rising to $0.406 billion from $0.394 billion in the first quarter.
Wholesale volume increased to a little more than $0.001 billion in the second quarter from a little less than $0.001 billion in the previous period.
Staffing at USA Mortgage ended last month at 478 employees.
Headcount inched up from 471 three months earlier and 392 a year earlier.
