A more than three-quarters increase in loan production was recorded for Prosperity Home Mortgage LLC. The size of the company’s staff also rose.
From April 1 until June 30, home-lending volume at the Chantilly, Virginia-based firm worked out to 3,447 residential loans for $0.984 billion.
New business soared compared to
the previous three-month period, when Prosperity generated 2,037 closings for $0.560 billion.
Mortgage production
was modestly higher than in the year-earlier quarter, when 3,149 loans were funded for $0.909 billion.
The
operational data, along with other metrics, were divulged as part of the Mortgage Daily Second Quarter 2016 Mortgage Origination Survey.
During the entire first-half 2016, Prosperity originated 5,484 residential loans for $1.543 billion.
All of’ Prosperity’s production comes from the retail channel.
No mortgage servicing portfolio was reported.
As of June 30 of this year, there were 439 people on Prosperity’s payroll.
Staffing was up nine employees from three months earlier, while it stood at 394 people one year earlier.
