Annual mortgage production was higher last year at Fairway Independent Mortgage Corp., In addition, the Sun Prairie, Wis.-based firm’s staff of employees grew.
Home-loan production during the fourth quarter totaled 8,418 loans for $1.768 billion, according to operational data provided to Mortgage Daily.
Activity included $1.630 billion in retail originations, $0.137 billion in wholesale production and $0.001 billion in correspondent volume.
Business was better than then the third quarter, when 8,330 loans were closed for $1.689 billion. It was also an improvement from $1.3 billion in the fourth-quarter 2011.
Full-year 2012 production climbed to $6.0 billion from $3.6 billion in 2011.
Fairway reported 1,313 full-time employees as of the end of last year, up from 1,257 at the end of September. A year prior, headcount was 1,108.
