New American Originations, Servicing and Staff Up

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MORTGAGE EXPERT
2 · 02 · 15

With the dust settled on the fourth quarter 2014, New American Funding showed a tri fecta of growth in its mortgage production, servicing portfolio and staffing.

In total, the company originated 6,115 residential loans for $1.800 billion from Oct. 1 to Dec. 31.

These details, provided in the Mortgage Daily Fourth Quarter 2014 Mortgage Origination Survey, included $1.601 billion in retail lending and $0.198 billion in wholesale production.

Compared to the originations totaling $1.606 billion in the third quarter 2014, the Tustin, Calif.-based company experienced more than 12 percent in residential lending growth.

Altogether, New American produced 18,880 home loans at $5.517 billion across all quarters in 2014.

The lender’s servicing portfolio also saw growth in quarter-over quarter comparisons.

Ending the fourth quarter, the lender serviced 26,496 loans for $6.979 billion compared to the third quarter’s ending tally of 24,473 loans at $6.376 billion.

As of Dec. 31, New American counted 1,443 employees, giving them 118 more than accounted for on Sept. 30.

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Mortgage Daily Staff

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