As has been the trend this earnings season, mortgage originations declined on a quarter-over-quarter basis at loanDepot LLC. But the payroll grew.
The
Foothill Ranch, California-based mortgage banking company serviced $34.096 billion in residential loans as of March 31, 2017.
loanDepot delivered the figure, as well as other operational data, as part of the Mortgage Daily First Quarter 2017 Mortgage Origination Survey.
loanDepot last reported its servicing portfolio at $16.565 billion as of June 30, 2015.
During the first-three months of this year, loanDepot closed $7.482 billion in home loans.
Business tumbled from $11.584 billion in the fourth-quarter 2016. But mortgage production was higher than $7.0 billion in the first-quarter 2016.
Staffing concluded last month at 6,000 employees. Headcount
increased from 5,740 three months earlier and 5,200 one year earlier.
