Quarterly production slowed at Guild Mortgage Co. But annual activity was higher as the company grew the size of its staff and its servicing portfolio.
From Oct. 1 through Dec. 31, the San Diego-based organization reported that it funded 7,207 home loans for $1.442 billion.
Business slumped compared to the third quarter, when production was $1.771 billion.
In the same-three months period during 2012, volume totaled $1.985 billion.
For all of last year, mortgage production at Guild amounted to $6.968 billion — more than the $6 billion reported for 2012.
During the most recent quarter, $1.300 billion in production came from retail originators, $0.037 billion was originated through the wholesale division and $0.105 billion came from the correspondent channel.
The company’s mortgage servicing portfolio finished last year at 78,674 loans for $13.631 billion. Investment portfolio loans accounted for $0.444 billion and the rest was third-party servicing.
Guild serviced $12.980 billion three months earlier and $10.619 billion a year earlier.
As of Dec. 31, 2013, Guild’s staff stood at 1,879 employees.
Headcount increased from 1,857 people at the end of September and 1,657 at the end of 2012.
