Caliber Home Loans Inc. reported growth in its residential loan originations, mortgage servicing portfolio and human resource assets.
The Mortgage Daily Second Quarter 2017 Mortgage Origination Survey revealed that
Caliber serviced 465,871 residential loans with a collective unpaid principal balance of $106.090 billion as of June 30.
A $100 billion mortgage servicing milestone was
achieved since the last quarterly report, when the Irving, Texas-based mortgage banking firm serviced 427,029 loans
for $96.376 billion.
The servicing portfolio was
342,001 loans for $76.325 billion at the midway mark in 2016.
Third-party servicing made up $104.756 billion of the latest total, and Caliber owned the other $1.333 billion in loans serviced.
There were 39,639 loans originated for $10.433 billion during the three months ended June 30, 2017. Including the 33,831 loans closed for $8.587 billion in the first quarter, there have been 73,470 loans funded for $19.019 billion so far in 2017.
In addition to the quarter-over-quarter escalation in home lending, business was better than 36,467 loans for $9.387 billion during the three months ended June 30, 2016.
The gain reflects the March 2017 acquisition of of the assets of Banc Home Loans.
The latest volume was comprised of $4.698 billion in retail originations, $3.667 billion in wholesale lending and $2.067 billion in correspondent acquisitions.
Staffing leapt by 434 employees from March 2017 to 6,506 last month. Headcount has ballooned by 1,508 people since the middle of last year.
