Mortgage servicing and staffing both expanded at loanDepot LLC. But despite a quarter-over-quarter rise in home lending, there was a year-over-year decline.
As of the end of last year,
the Foothill Ranch, California-based company serviced 203,588 single-family loans with an unpaid collective balance of $46.765 billion.
loanDepot revealed the data, as well as other operational metrics, as part of its participation in the Mortgage Daily Fourth Quarter 2017 Mortgage Origination Survey.
The servicing portfolio expanded from 191,141 loans for $44.792 billion three months earlier.
All of the loans were serviced for third parties.
loanDepot closed
38,899 mortgages for $10.081 billion during the final three months of last year. Business was a little better than 36,385 loans originated for $9.276 billion during the third quarter. But volume fell short of the $11.584 billion in production during the fourth-quarter 2016.
During all of 2017, originations — which are all generated through the retail channel — totaled $35.168 billion,
dipping from $38.217 billion in all of 2016.
Staffing at loanDepot grew to 6,344 as of Dec. 31, 2017, from 6,199 three months earlier and 5,740 one year earlier.
