In year-over-year comparisons, last quarter saw Primary Residential Mortgage Inc. with more production, a larger servicing portfolio and a bigger staff.
Home loans funded in the fourth-quarter 2014 finished at 5,985 mortgages at $1.203 billion.
All loans were retail originations.
PRMI disclosed the operational data as part of its participation in the Mortgage Daily 2014 Mortgage Origination Survey.
Production fell just short of the 6,075 loans closed at $1.225 billion in the third quarter.
In a year-over-year comparison, however, loan originations were nearly a quarter of a billion dollars higher than they were during the same time period in 2013.
Based on estimated mortgage production of $1.1 billion in the first-quarter 2014, estimated full-year originations at the Salt Lake City-based company were around 23,400 loans for roughly $4.7 billion.
At the end of the year, PRMI’s mortgage servicing portfolio consisted of 10,494 loans at $1.413 billion.
Despite the higher number of loans serviced — there were just 8,630 reported as of the third quarter — the aggregate principal balance of loans serviced was down by $0.311 billion compared to the three months ended Sept. 30.
Still, servicing was up compared to the lender’s fourth quarter 2013 portfolio of $1.135 billion.
When Dec. 31 rolled around, PRMI counted 1,874 employees, a slight increase over the prior quarter’s 1,865 and the prior year’s 1,697.
