It was a banner year for Guaranteed Rate Inc., where residential loan originations more than doubled from 2011. The company has maintained a brisk pace of hirings.
During the fourth-quarter 2012, the Chicago-based lender originated 17,554 loans for $4.907 billion, according to data provided to Mortgage Daily. All of Guaranteed Rate’s mortgage production was generated through the retail origination channel.
Mortgage production strengthened significantly from the prior three-month period, when $4.1 billion was closed.
Business was also better than the same month last year, when the Chicago-based firm originated $2.5 billion.
Volume during all four quarters of 2012 added up to $14.7 billion, Guaranteed said in a statement. Originations more than doubled from 2011, when $6.8 billion in home loans were closed.
The company’s mortgage servicing portfolio was 7,061 residential loans for $1.771 billion as of Dec. 31, 2012.
As of the end of December, there were 2,391 people working for Guaranteed. Headcount has ballooned from over 1,700 in June.
The healthy pace of hirings landed Guaranteed in the No. 2 spot among mortgage-related firms in the Hire Power Awards from Inc.
