The first quarter of this year saw fewer new home loans originated at Guaranteed Rate Inc. But the company grew its mortgage servicing portfolio and increased its staffing.
From Jan. 1 through March 31, residential originations at the Chicago-based company totaled 15,044 loans for $4.329 billion, according to data supplied to Mortgage Daily.
Business slowed from the fourth-quarter 2012, when Guaranteed Rate originated 17,554 home loans for $4.907 billion.
In the year-earlier three-month period, mortgage production totaled a revised $2.687 billion.
All business at Guaranteed Rate is generated through the retail channel.
The servicing portfolio finished last month at 10,385 loans for $2.570 billion.
Three months earlier, the servicing portfolio totaled 7,061 loans for $1.771 billion.
Guaranteed Rate finished the first quarter with a staff of 2,727 employees. Headcount grew from 2,391 employees at the end of last year.
The lender reported Monday that it was recognized as a top privately held company by Crain’s Chicago Business magazine for the sixth consecutive year. It reportedly was No. 78 out of 308 companies on the list.
