Guaranteed Rate Reports Growth in Mortgage Business

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4 · 29 · 15

Quarterly home lending grew, the mortgage servicing portfolio expanded and staffing increased at Guaranteed Rate Inc.

In the three months ended March 31, home loan production totaled 13,162 loans for $4.234 billion.

The Chicago-based company revealed the operational metrics in the Mortgage Daily First Quarter 2015 Mortgage Origination Survey.

Business was better than in fourth quarter of last year, when volume came in at
11,225 loans funded for $3.472 billion.

Lending activity additionally ascended from the first quarter of last year, a period when 7,432 home loans were closed for $2.096 billion.

All of Guaranteed’s loans were originated through the retail lending channel.

Guaranteed closed out the first-quarter 2015 with a servicing portfolio of 16,970 loans for $4.213 billion.

The portfolio grew from
the close of 2014, when the company serviced 13,269 loans for $3.252 billion.

The servicing portfolio was also up from March 31, 2014, when it stood at 17,040 loans for
$4.036 billion.

Staffing at Guaranteed grew to 2,479 employees as of the end of last month from 2,361 at the end of last year.

A year earlier, headcount was 2,462 people.

Mortgage Expert

Mortgage Daily Staff