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Staffing, Production Grows at PrimeLending

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A larger staff was reported by PrimeLending, which also said that it increased mortgage production during the second quarter.

The Dallas-based company closed 16,508 home loans for $3.550 billion during the three months ended June 30, according to data provided to Mortgage Daily.

Business was better than in the first quarter, when 14,446 mortgages were originated for $3.046 billion.

Activity also strengthened from the second-quarter 2012, when 15,608 loans were closed for $3.119 billion.

Production, which is all generated through the retail channel, was 30,954 loans for $6.596 billion during the entire first-half 2013.

There were 5,053 loans for $0.877 billion in the mortgage servicing portfolio as of the end of last month.

The portfolio grew from 3,643 loans serviced for $0.636 billion as of the end of the first quarter.

The most recent total reflected $0.023 billion in loans owned by PrimeLending and $0.853 billion in loans serviced for third parties.

As of June 30, 2013, PrimeLending employed 2,804 people.

Headcount grew from 2,643 employees as of March 31.

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