Home lending volume at Bethpage Federal Credit Union made a nice quarter-over-quarter jump — increasing by more than half.
The credit union closed 946 residential loans for $0.364 billion during the three months ended June 30.
Bethpage FCU disclosed its mortgage production, in addition to other operational data, as part of the Mortgage Daily Second Quarter 2015 Mortgage Origination Survey.
Lending activity at the Bethpage, New York-based organization climbed from the first-three months of this year, when 621 mortgages were funded for $0.242 billion.
The latest originations brought the financial institution’s total first-half volume to 1,567 home loans for $0.605 billion.
Retail originators generated $0.260 billion of second-quarter mortgage production,
while $0.104 billion came from the wholesale lending channel.
No mortgage servicing portfolio was reported.
All of Bethpage FCU’s business was generated from a staff of just 20 mortgage employees.
The credit union lists 32 locations on its website.
