Quarterly home lending volume increased at Stonegate Mortgage Corp., as did the company’s mortgage servicing portfolio and total staffing.
From July 1 through Sept. 30, Stonegate closed 16,439 residential loans for $3.537 billion.
The operational results were provided by the Indianapolis-based firm as part of the Mortgage Daily Third Quarter 2014 Mortgage Origination Survey.
Business was better than during the second quarter, when Stonegate’s production was 15,797 mortgages for $3.307 billion.
During the nine months ended Sept. 30, volume amounted to 44,161 loans for $9.267 billion.
In the third-quarter 2013, Stonegate funded 12,263 loans for $2.340 billion — making it one of the few firms to report a year-over-year improvement..
Retail originations accounted for $0.574 billion of the most recent three-month period’s activity, while wholesale production was $0.871 billion and correspondent acquisitions made up $2.092 billion.
Stonegate reported a mortgage servicing portfolio of 95,650 loans for $17.667 billion as of Sept. 30, 2014.
The lender serviced 90,503 loans for $16.739 billion three months earlier and 54,155 loans for $9.683 billion a year earlier.
Staffing stood at 1,272 employees as of the end of the third-quarter 2014.
At the end of the previous period, 1,256 people were on the payroll, while headcount was just 742 employees at the same point last year.
