Alaska USA Federal Credit Union made quarter-over-quarter gains in lending activity. While servicing also increased, the credit union lost some staff members.
Alaska USA finished out the second quarter with, 1,141 new residential home loans originated for $0.270 billion, which the lender revealed in Mortgage Daily’s Second-Quarter 2014 Mortgage Origination Survey.
The credit union, which generates mortgage loans through its subsidiary Alaska USA Mortgage Company LLC, accumulated all its loans through retail lending activity.
From Jan. 1 to March 31, Alaska USA originated 761 in home loans for $0.174 billion to bring its production total to 1,902 loans for $0.444 billion for the first six months of this year.
In the second-quarter 2013, the lender aggregated 1,839 units for $0.406 billion in new loan activity.
As of June 30, the credit union serviced 26,199 loans at $4.757 billion. Included in this total was the $0.319 billion in loan servicing for its own investment and $4.438 billion in third-party servicing.
The Anchorage, Alaska-based company’s total servicing portfolio was $4.692 billion when March ended.
On the last day of June last year, servicing was at $4.528 billion.
Two hundred mortgage employees were accounted for as of June 30.
Alaska USA had 27 fewer employees than when the first quarter ended and 53 less reports when the second-quarter 2013 ended.
