Quarterly mortgage originations increased at Caliber Home Loans Inc., as did the size of its servicing portfolio. But the company reduced its payroll by nearly 200 people.
As of Sept. 30, 2017, Caliber serviced 498,030 single-family loans that had a collective unpaid principal balance of $114.202 billion.
The Irving, Texas-based organization disclosed those details and more as part of the Mortgage Daily Third Quarter 2017 Mortgage Origination Survey.
The servicing portfolio grew from 465,871 loans for $106.090 billion
three months earlier and 372,634 mortgages for $83.698 billion one year earlier.
Most recently, third-party servicing accounted for $112.166 billion of the servicing portfolio.
Caliber said it closed 45,832 loans for $12.494 billion — including $5.216 billion in retail production, $4.178 billion in wholesale lending and $3.100 billion in correspondent acquisitions.
Business escalated from 39,639 loans for $10.433 billion in the second quarter
and was mostly unchanged from 48,497 loans for $12.684 billion in the third-quarter 2016.
For all three quarters that have concluded so far this year, 119,302 loans were closed for $31.514 billion.
Caliber reduced its workforce to 6,313 people from 6,506 as of mid-year 2017.
But staffing has expanded from 5,732 as of the same date last year.
