The quarterly volume of new mortgage fundings at Guaranteed Rate Inc. climbed, as did the number of people employed at the firm. Even the mortgage servicing portfolio grew larger.
Second-quarter business was better at the Chicago-based mortgage banker, which closed 16,110 home loans for $4.692 billion.
The data were collected as part of Mortgage Daily’s second-quarter mortgage origination survey.
Loan production in the first quarter totaled 15,044 loans for $4.329 billion, according to previously reported data.
In the second quarter of last year, Guaranteed Rate funded a revised 11,223 loan closings for $3.020 billion.
All of Guaranteed Rate’s originations, which totaled 31,154 loans for $9.021 billion during the first half, are generated through the retail channel.
The mortgage servicing portfolio increased, rising to $3.432 billion from $2.570 billion as of March 31.
Guaranteed Rate finished last month with 2,957 employees.
Headcount reflected a gain of 230 positions over the staffing level as of the end of the first quarter.
