Although quarterly loan production eased at McLean Mortgage Corp., full-year origination activity moved higher. The entity trimmed its staff by just a few employees.
Home lending activity at the mortgage banking organization came to
946 loans for $0.323 billion during the final three months of last year.
The Fairfax, Virginia-based firm disclosed the data along with other operational metrics as part of the Mortgage Daily Fourth Quarter 2015 Mortgage Origination Survey.
Business wasn’t quite as good as during the previous three-month period, when 1,013 loans were funded for $0.338 billion.
But activity accelerated from the final three months of 2014, a quarter that saw 1,135 loans closed for $0.377 billion.
For all 12 months of 2015, McLean originated 3,419 loans for $1.487 billion. Annual production picked up from 2014, when
3,991 loans were funded for $1.332 billion.
All of McLean’s business is originated through the retail channel.
No servicing portfolio was reported.
There were 230 people on the lender’s payroll as of the end of last year.
Staffing subsided from 234 employees three months earlier and was the same as a year earlier.
