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Prosperity Home Mortgage Originations Decline

Mortgage News

Prosperity Home Mortgage LLC reported slimmer origination activity in the fourth-quarter 2014 and revealed a leaner workforce.

During the final quarter of last year, the mortgage provider closed 1,952 residential home loans at $0.557 billion.

This information was provided through Prosperity’s participation in the Mortgage Daily Fourth Quarter 2014 Mortgage Origination Survey.

The Long & Foster Companies subsidiary’s quarterly production was less than the 2,215 loans it funded for $0.617 in the three-month period ended Sept. 30.

Information on loan servicing activity was not provided.

Operating in eight states in the Mid-Atlantic and Northeast Regions, Prosperity accounted for 371 employees at the end of last year.

Nineteen more staff members reported to the  Chantilly, Va.-based lender as of Sept. 30, 2014.

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