Quarterly business was down at Guild Mortgage Co., though nowhere near as much as at its far bigger rivals.
For the three months ended March 31, the San Diego-based lender closed 6,070 residential loans for $1.225 billion.
Guild reported the operational data as part of its participation in Mortgage Daily’s First Quarter 2013 Mortgage Origination Survey.
Business was off from the fourth-quarter 2013, when Guild originated 7,207 mortgages for $1.442 billion.
However, the 15 percent decline at Guild was far more moderate than the more than one-quarter drop at Citigroup Inc., JPMorgan Chase &Â Co. and Wells Fargo &Â Co. — the only three major lenders to report first-quarter data so far.
Fundings slid from the same three-month period last year, when mortgage production totaled $1.711 billion.
First-quarter 2014 originations included $1.115 billion in retail volume, $0.024 billion in wholesale activity and $0.087 billion in correspondent acquisitions.
Moving on to servicing, Guild said it serviced 81,614 loans for $14.132 billion as of the end of last month. Included in the portfolio were $0.474 billion in investment loans and $13.659 billion in third-party servicing.
The total servicing portfolio was up from 78,674 loans for $13.631 billion as of Dec. 31, 2013.
As of the same date in 2013, the mortgage servicing portfolio was $11.222 billion.
Staffing at Guild closed out the first quarter at 1,878 employees, one less that at the end of the fourth quarter.
Headcount has expanded since March 31, 2013, when 1,726 people were on Guild’s payroll.
