Production numbers spiraled upward for one of the nation’s largest lenders.
ABN AMRO’s Mortgage Group reported $12.2 billion in April loan production, up from $11.6 billion in March. Compared to last year, April’s numbers are up 65 percent.
For the year-to-date, the group reported $46.9 billion in production.
The company, which is an indirect subsidiary of a Dutch bank, operates several divisions in the United States. The company’s InterFirst Wholesale Lending channel reported $9.2 billion in loans for the month, up $0.2 billion from March and up 48 percent over April 2002, the statement said.
The company reported production on 68,302 loans.
