Despite slowing loan production at Guild Mortgage Co., the company experienced growth in its servicing portfolio and its staffing.
The real estate lender serviced 155,129 residential loans with an aggregate principal balance $29.989 billion as of Dec. 31, 2016.
San Diego-based Guild disclosed the data as part of the Mortgage Daily Fourth Quarter 2016 Mortgage Origination Survey.
Guild’s most-recent portfolio included $29.010 billion in third-party servicing and $0.979 billion from its investment portfolio.
During the final three months of last year, Guild originated 19,106 loans for $4.353 billion. The total consisted of $4.051 billion in retail originations and $0.302 billion in correspondent acquisitions.
Overall business dipped from the third quarter, when 20,370 loans for $4.709 billion were closed. But production was more than 13,887 loans originated for $3.171 billion funded in the fourth-quarter 2015.
For all 12 months of 2016, Guild originated 69,234 loans for $15.832 billion,
elevating activity from 60,331 loans for $13.8 billion closed during all of 2015.
Staffing at Guild grew to 3,606 employees at the close of last year from 3,335 as of Sept 30, 2016.