Quarterly loan volume declined at Guild Mortgage Co., and it was the correspondent channel that led the drop. Annual production and servicing grew, though.
Residential loan production at Guild totaled 13,887 loans originated for $3.171 billion during the three months ended Dec. 31, 2015.
That was according to an analysis of operational data reported Wednesday by the San Diego-based company along with previously reported production data.
Fundings faded from the third quarter, when 17,423 home loans were closed for $3.952 billion.
But business was better than the  9,927 residential home loans closed for $2.167 billion during the fourth-quarter 2014.
After a steep ascent in the second and third quarters, correspondent acquisitions declined by one-half from the third quarter to $0.409 billion in the final three months of last year.
Fourth-quarter activity brought full-year 2015 overall originations to 60,331 loans for $13.8 billion.
Volume expanded from 35,116 loans funded for
$7.379 billion for all of 2014.
“The growth continues a trend started in 2010,” the report stated. “In five years, loan volume has more than tripled from $4.1 billion and Guild has expanded from its western base with 75 branches in 16 states in 2010 to 234 branches in 25 states at the end of 2015.”
Last year’s refinance share was 28.7 percent, widening from 18.4 percent in 2014.
Guild reported that its mortgage servicing portfolio finished 2015 at 121,926 loans for $22.300 billion.
That was up from Sept. 30, when a previously reported 115,005 loans were serviced for $20.752 billion.
The portfolio has also grown from Dec. 31, 2014, when the total was
94,888 loans serviced for $16.641 billion.
There were 234 offices as of Dec. 31, 2015. The branch network grew from 190 at the end of 2014.
