Over at Caliber Home Loans Inc., staffing has expanded by more than 1,500 employees during the past 12 months. Also expanding was its mortgage servicing portfolio.
There were 427,029 single-family loans with a collective unpaid principal balance of $96.376 billion serviced by the Irving, Texas-based company as of March 31, 2017.
Caliber revealed those details, as well as other operational metrics, as part of the Mortgage Daily First Quarter 2017 Mortgage Origination Survey.
The servicing portfolio expanded from the end of last year, when
403,751 loans were serviced for $91.065 billion. The growth has been even greater since March 31, 2016, when 319,032 mortgages were serviced for $70.991 billion.
Servicing most recently was comprised of $95.263 billion in loans serviced for investors and $1.113 billion in mortgages owned by Caliber.
First-quarter 2017 residential loan originations were 33,831 loans closed for $8.587 billion. As was the case for most of the sector, production slowed from the final-three months of last year, when Caliber funded 46,715 loans for $12.084 billion.
But business was stronger than in the first-three months of last year, when
just 25,280 mortgages were originated for $6.178 billion.
The most-recent lending consisted of $3.283 billion in retail originations, $2.714 billion in wholesale lending and $2.590 billion in correspondent acquisitions.
At the close of this year’s first quarter there were 6,072 people on Caliber’s payroll. Headcount
expanded from 5,970 employees at the conclusion of 2016 and 4,557 people at the same point last year — a robust 1,515 year-over-year increase in staffing.
