Quicken Loans Inc.’s home lending volume, servicing portfolio and employee count moved up both on a quarter-over-quarter and year-over-year basis.
As of the end of last year,
the Detroit-based mortgage banker serviced $241.9 billion in residential loans, up from $229.0 billion three months earlier.
Those details, as well as other operational metrics, were revealed as part of
the Mortgage Daily Fourth Quarter 2016 Mortgage Origination Survey.
As of Dec. 31, 2015, the mortgage servicing portfolio stood at $195.6 billion.
Home-lending volume came in at $26.9 billion during the three months ended Dec. 31, 2016. Production
inched up from $26.8 billion in the third quarter and was well above $18.5 billion in the fourth-quarter 2016.
During all four quarters of last year, mortgage originations totaled $96.0 billion,
increasing from $78.9 billion during all of 2015.
Staffing closed out 2016 at 16,000 employees. Headcount grew from 15,000 people
as of Sept. 30, 2016, and 13,000 workers as of year-end 2015.
