Even though quarterly originations moved lower at Prosperity Home Mortgage LLC, an up tick was recorded for annual activity.
As of Dec. 31, 2016, the
Chantilly, Virginia-based firm carried 443 employees on its payroll, 10 more than three months earlier.
Those details and more were provided as part of the Mortgage Daily Fourth Quarter 2016 Mortgage Origination Survey.
Headcount has also expanded from 404 people at the end of 2015.
Prosperity reports no servicing portfolio.
During the period that opened on Oct. 1, 2016, and concluded on Dec. 31, residential loan originations totaled 2,784 loans for $0.790 billion.
Mortgage production fell from 3,320 loans closed for $0.957 billion in the third quarter. Home lending picked up, though, from 2,305 loans funded for $0.644 billion in the fourth-quarter 2015.
For all of 2016, Prosperity originated 11,588 loans for $3.290 billion. Annual activity inched up from 10,379 loans closed for $2.936 billion in all of 2015.
A hundred percent of Prosperity’s business is generated through the retail channel.
