This year’s second-quarter mortgage originations spiked for Churchill Mortgage, while the home lender also grew its staffing.
According to the Mortgage Daily Second-Quarter 2014 Mortgage Origination Survey, Churchill funded 1,253 residential loans for $0.233 billion.
All of Churchill’s residential loan production is generated through retail loan originators.
Churchill’s originations reached 845 loans for $0.147 billion in first quarter production, which brought the lender’s loan funding to 2,098 units for $0.380 billion for the first six months this year.
Like most of its peers, the lender’s loan production fell short of the $0.265 billion reported for the second-quarter 2013.
As of June 30, the Brentwood, Tenn.-based company serviced five loans at less than $0.001 billion. All loans were in Churchill’s investment portfolio.
Employee numbers reached 292 by the end of June, a gain of 11 staff members compared to March 30 and a loss of 48 associates from when Churchill conducted a headcount during the same time period last year.
