Quarterly mortgage lending increased at Quicken Loans Inc. In addition, the company added to its servicing portfolio and grew its staffing.
Home loan originations during the three months ended Dec. 31, 2014, came in at
$18.6 billion, according to Mortgage Daily’s 2014 Mortgage Origination Survey.
Business was better than during the previous three-month period, when the Detroit-based mortgage banking firm closed $16.1 billion.
Activity also ascended from the final quarter of 2013, a period that saw $12.6 billion in residential loan originations.
Full-year 2014 mortgage production at Quicken was $59.0 billion,
far short of the $78.9 billion in loans funded during 2013.
Quicken reported a mortgage servicing portfolio of
$161.1 billion, expanding from $154.0 billion three months earlier.
The servicing portfolio
was $138 billion as of Dec. 31, 2013.
Staffing at Quicken Loans closed out last year at 12,000 team members.
Headcount increased from 11,000 as of Sept. 30 and has grown from
10,000 as of the end of 2013.
