Lending activity for Churchill Mortgage Corp. amassed a small increase in the third quarter while servicing and staff finished just short of June 30 numbers.
According to the Mortgage Daily Third-Quarter 2014 Mortgage Origination Survey, Churchill originated 1,272 new residential home loans at $0.244 billion entirely through retail lending.
This slight bump over last quarter’s $0.233 billion brought Churchill’s collective first-, second- and third-quarter origination totals for this year to 3,370 loans for $0.624 billion.
As well, the Brentwood-Tenn.-based lender came in just higher than the $0.222 billion funded in the third-quarter 2013.
When September 2014 ended, Churchill serviced four investment portfolio loans at less than $0.001 billion, which put the servicing portfolio just under the five serviced loans for less than $0.001 billion as of June 30.
Still the lender’s servicing activity was higher than the third-quarter 2013’s close, when no serviced loans were documented.
The September 2014 ending headcount of 283 employees was nine fewer than staffing reported by the end of June.
The number of employees ended the latest period at 37 fewer than as of September 30, 2013.
