In addition to closing more loans than in any other quarter during the past two years, Quicken Loans Inc. continued to grow its share of the mortgage servicing market.
Residential
loan originations at the online lender worked out to $21.3 billion during the second quarter.
That was according to data provided by Quicken as part of the Mortgage Daily Second Quarter 2015 Mortgage Origination Survey.
It turned out to be the best quarter for the Detroit-based lender since the
second-quarter 2013, when volume was $23.8 billion.
Including the $19.4 billion originated during the first quarter of this year, Quicken closed $40.7 billion during the entire first half.
In the second-quarter 2014,
volume amounted to just $13.1 billion.
Quicken reported a mortgage servicing portfolio of $176.7 billion as of June 30, 2015.
The portfolio grew from $167.1 billion the previous quarter and $148.3 billion in the year-earlier period.
Quicken finished June 2015 with 12,000 “team members,” no different than at the end of March.
But staffing has expanded compared to June 30, 2014, when headcount stood at 10,000.
