New home lending activity moved lower at McLean Mortgage Corp. The company, however, did manage to increase the size of its payroll.
From the period that started on July 1 and ended on Sept. 30, McLean closed 1,013 loans for $0.338 billion.
That was according to operational data McLean provided as part of
the Mortgage Daily Third Quarter 2015 Mortgage Origination Survey.
Like most of its peers, business at the Fairfax, Virginia-based firm slowed from the previous quarter, when 1,305 loans were funded for $0.435 billion.
Mortgage production was additionally down from the third-quarter 2014, when
1,131 loans were originated for $0.379 billion.
For the first nine months of 2015, home lending activity at McLean amounted to 3,419 loans for $1.164 billion.
No servicing portfolio was reported for the mortgage banker.
But it did report staffing, which finished September 2015 at 234 employees.
Headcount increased from 222 people three months earlier and
230 employees as of a year earlier.
