Business metrics moved higher at Churchill Mortgage Corp. — with home loan originations, residential loan servicing and staffing all expanding.
For the first-three months of this year, residential loan originations amounted to
1,508 loans for $0.302 billion.
Business
at Churchill was a little bit better than in the final-three months of last year, when the total was 1,453 mortgages funded for $0.292 billion.
That was according to operational data submitted by Churchill as part of the Mortgage Daily First Quarter 2016 Mortgage Origination Survey.
Activity was additionally up from the first quarter of last year, when 1,465 loans were funded for $0.290 billion.
All of Churchill’s business is generated through the retail channel.
The Brentwood, Tennessee-based company reported that it serviced 16 loans for $0.003 billion as of March 31, 2016.
The servicing portfolio expanded from six loans for $0.001 billion
three months earlier and four loans for less than $0.001 billion a year earlier.
The most-recent number reflected $0.002 billion in third-party servicing.
Headcount closed out March 2016 at 382 people.
Staffing was up 12 employees from the end of last year.
There were 312 people on the payroll as of the same date last year.
