Quarterly home-lending activity was up at Alaska USA Federal Credit Union. Growth was also experienced in the financial institution’s mortgage servicing portfolio and mortgage staffing.
At the end of September, the Anchorage, Alaska, entity reported in the Mortgage Daily Third Quarter 2016 Mortgage Origination Survey it serviced 27,669 loans for $5.243 billion.
The servicing portfolio was expanded from mid-2016, when the credit union serviced a previously reported 27,662 residential loans with an aggregate principal balance of $5.220 billion.
As of Sept. 30, 2015, the servicing portfolio stood at 27,063 loans for $4.855 billion.
The Sept. 30, 2016, portfolio included $4.900 billion in third-party servicing.
The credit union reported 1,336 loans funded for $0.336 billion during the three months ended Sept. 30, 2016.
Business was better than during the previous three-month period, when Alaska USA originated 1,146 loans for $0.293 billion. Activity also ascended from a year previous, when mortgage production came to 1,287 loans for $0.313 billion.
For the entire first-nine months of 2016, Alaska USA funded 3,322 loans for $0.839 billion.
All of the financial institution’s business was generated through the retail channel.
Headcount closed out the latest quarter at 233 mortgage employees.
There were 221 people on the payroll three months earlier and 204 home lending jobs a year earlier.
