A variety of sources reveal a range of quarterly and annual mortgage origination statistics for several mortgage banking firms. The lenders include banks, credit unions and wholesalers.
Ally
Financial Inc.’s fourth-quarter 2017 earnings report revealed $2.2 billion in bulk mortgage purchases during the three months that finished on Dec. 31, 2017.
From Jan. 1, 2017, through year end, Ally’s bulk purchases amounted to $4.5 billion. That was a 20 percent increase from 2016, putting the prior-year total at around $3.8 billion.
Last month, Associated Bank reported that it closed 7,843 home loans for $1.50 billion during 2016.
The Green Bay, Wisconsin-based financial institution said it has been “recognized as Wisconsin’s No. 1 mortgage lender for nine years in a row.”
In its fourth-quarter 2017 earnings report, Waterstone Financial Inc. indicated mortgage banking originations fell to $0.577 billion in the final three months of last year from $0.623 billion in the fourth-quarter 2016. Full-year volume dropped to $2.5 billion from $2.6 billion in 2016.
In Scottsdale, Arizona, a Feb. 1 news release from VIP Mortgage said annual volume has reached $1.5 billion.
A LinkedIn post indicated that Athas Capital Group funded $1 billion during 2017.
A Jan. 31 statement from PenFed Credit Union revealed $1 billion in rate-term refinances closed over a one-and-a-half-year period.
Last year’s purchase-money production at Better Mortgage was $0.157 billion, according to a Jan. 31 statement.
A ranking of mortgage originators by Inside Mortgage Finance said Freedom Mortgage Corp. closed $14.578 billion in the fourth quarter, down from $16.103 billion three months earlier. Freedom’s volume was $51.089 billion for all of 2017.
IMF reported that AmeriHome Mortgage closed $8.815 billion in the final quarter of 2017, up from $9.365 billion the prior period. Full-year volume was $34.609 billion.
Over at United Wholesale Mortgage, production rose to $9.286 billion from $8.658 billion, IMF said. Annual originations were $29.524 billion.
A story last month from IMF said The Money Source originated $9.58 billion last year, while the Melville, New York-based firm’s servicing portfolio concluded 2017 at $21.0 billion — up from zero two years ago.
