Compared to three months prior and a year prior, the mortgage servicing portfolio has expanded at Quicken Loans Inc. A quarter-over-quarter gain was made in home lending.
At the conclusion of the third quarter of this year, the Detroit-based home lender serviced loans with a collective unpaid principal balance of $267.9 billion.
Quicken Loans reported the servicing portfolio, along with other operational metrics, as part of the Mortgage Daily Third Quarter 2017 Mortgage Origination Survey.
The portfolio was increased from mid-year 2017, when the balance was $259.0 billion. At the same point last year, the servicing portfolio stood at $229.0 billion.
Quicken originated $23.0 billion in single-family loans during the three months ended Sept. 30, 2017. Business was better than $19.6 billion in the second quarter. But mortgage production fell short of the $26.8 billion closed in the same-three months last year.
For all three quarters that have so far concluded this year, residential loan originations amounted to $61.2 billion.
At 16,000 employees, headcount was no different that as of June 30, 2017. The payroll has expanded, though, by a thousand employees since Sept. 30, 2016.