McLean Mortgage Corp. managed to generated more loan production in the first-three months of this year than it did in the final three months of last year. Headcount also increased.
Residential lending activity during the three months ended March 31, 2016, came to 900 loans originated for $0.329 billion.
New business exceeded volume during the fourth quarter of last year, when
946 loans were funded for $0.323 billion.
The statistics, along with other operational data, were provided by the Fairfax, Virginia-based firm as part of the Mortgage Daily First Quarter 2016 Mortgage Origination Survey.
But home-loan production fell short of the first quarter of last year, when McLean Mortgage closed 1,101 units for $0.391 billion.
McLean Mortgage reported no servicing portfolio.
The mortgage banking firm employed 234 people as of March 31, 2016.
Staffing
increased by four employees versus year-end 2015.
Headcount was also higher than as of March 31, 2015, there were 213 people on McLean Mortgage’s payroll.
