Mortgage Originations Rise at First Republic

Residential loan originations during the first-three months of this year came to $2.239 billion. Business improved from the fourth-quarter 2015, when $2.034 billion in loans were closed.

The San Francisco-based organization included the metrics, as well as other operational and financial data, in its first-quarter 2016 earnings report.

Among the five banks that Mortgage Daily has reported on first-quarter earnings for so far, First Republic is the only one to see an increase in originations from the fourth quarter.

In the first-quarter 2015, residential loan production totaled $1.957 billion.

The most-recent originations were comprised of $1.813 billion in single-family loans and $0.426 billion in
home-equity lines of credit.

The bank additionally reported $1.070 billion in commercial real estate loan originations. Volume
increased from $0.900 billion in the fourth-quarter 2015 and $0.950 billion in the first-quarter 2015.

First Republic serviced $10.654 billion for investors as of March 31, 2016. The servicing portfolio
increased from $10.531 billion three months earlier and $9.840 billion 12 months earlier.

Residential assets ended last month at $26.106 billion, expanding from $25.463 billion at the end of last year
and $23.289 at the same point last year.

The most-recent total consisted of $23.674 billion in single-family loans and $2.432 billion in HELOCs.

The balance sheet also included $11.595 billion in CRE assets. The CRE loan portfolio grew from $10.964 billion as of year-end 2015 and $9.768 billion as of the first-quarter 2015.

Included in last month’s CRE holdings were $5.606 billion in multifamily loans, $4.819 billion in commercial mortgages, $0.426 billion in single-family construction loans and $0.744 billion in multifamily construction loans.