A healthy improvement in retail mortgage production pushed overall business higher at Guild Mortgage Co. Also growing were servicing and staffing.
During the first three months of 2015, home lending activity at the San Diego-based company totaled
12,334 loans for $2.850 billion.
Guild disclosed the operational data as part of its participation in the Mortgage Daily First Quarter 2015 Mortgage Origination Survey.
Business improved from the fourth-quarter 2014, when
9,927 residential loans were closed for $2.167 billion.
Activity exploded compared to the first-quarter 2014, when mortgage production amounted to 6,070 units funded for $1.225 billion.
Of the latest activity, $2.544 billion was originated through the retail operation, soaring $0.616 billion from the prior period.
Another $0.016 billion of first-quarter activity came from the wholesale division, unchanged from three months earlier, and $0.290 billion was acquired through the correspondent channel, up $0.067 percent from the fourth quarter.
Guild serviced 99,065 mortgages for $17.463 billion as of March 31, 2015.
The servicing portfolio grew from 94,888 loans for $16.641 billion as of the end of 2014 and 81,614 loans for $14.132 billion at the same point in 2014.
The most-recent total included $16.156 billion serviced for third parties and a $1.306 billion investment portfolio.
Staffing finished last month at 2,345 people.
Headcount expanded from 2,313 employees on the payroll as of Dec. 31, 2014, and 1,878 as of March 31, 2014.