Mortgage Daily Logo

Across The Board Growth at Stonegate Mortgage

Mortgage News

Quarterly home lending volume increased at Stonegate Mortgage Corp., as did the company’s mortgage servicing portfolio and total staffing.

From July 1 through Sept. 30, Stonegate closed 16,439 residential loans for $3.537 billion.

The operational results were provided by the Indianapolis-based firm as part of the Mortgage Daily Third Quarter 2014 Mortgage Origination Survey.

Business was better than during the second quarter, when Stonegate’s production was 15,797 mortgages for $3.307 billion.

During the nine months ended Sept. 30, volume amounted to 44,161 loans for $9.267 billion.

In the third-quarter 2013, Stonegate funded 12,263 loans for $2.340 billion — making it one of the few firms to report a year-over-year improvement..

Retail originations accounted for $0.574 billion of the most recent three-month period’s activity, while wholesale production was $0.871 billion and correspondent acquisitions made up $2.092 billion.

Stonegate reported a mortgage servicing portfolio of 95,650 loans for $17.667 billion as of Sept. 30, 2014.

The lender serviced 90,503 loans for $16.739 billion three months earlier and 54,155 loans for $9.683 billion a year earlier.

Staffing stood at 1,272 employees as of the end of the third-quarter 2014.

At the end of the previous period, 1,256 people were on the payroll, while headcount was just 742 employees at the same point last year.

Related Posts

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

There is No Such Thing as a Free House …

Over the past several years, those who service loans in the State of Washington(1) have seen a dramatic rise in the number of lawsuits in which delinquent borrowers seek to quiet title to their homes on the grounds that lenders are barred from foreclosing based on...

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

Mortgage Servicer Portfolios

servicing news | mortgages outstanding statistics | foreclosure news   Servicing Portfolios as of 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 Residential Servicing Portfolios by Servicer Last Updated December 14, 2018...

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

Fannie Mae Profile

Last Updated December 27, 2018 7:38 PM Central   full list | other directories | bank search | SEC filings | execs | m&a | production   Government Takes Over Fannie, Freddie Sept. 8, 2008 The government has seized control of Fannie Mae and Freddie Mac. The move --...

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

Freddie Mac Profile

Government Takes Over Fannie, Freddie Sept. 8, 2008 The government has seized control of Fannie Mae and Freddie Mac. The move -- which is likely to push mortgage rates lower and provide a sense of stability for the more than 10,000 employees at both companies -- is a...

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...

Newsletter

Don’t worry, we don’t spam