Residential lending, home loan servicing and mortgage staffing all made quarter-over-quarter gains at Primary Residential Mortgage Inc.
The mortgage provider closed 6,269 loans at $1.332 billion in the first-quarter, according to operational data that PRMI revealed through its participation in the Mortgage Daily First Quarter 2015 Mortgage Origination Survey.
These loans all came through retail originations.
Recent production was better than the fourth-quarter 2014, with 5,985 loans funded for $1.203 billion during the period.
As well, lending volume was better than an estimated 5,382 loans for $1.065 billion originated in the first three months of last year.
At the end of March, there were 8,347 loans at $1.643 billion comprising PRMI’s mortgage servicing portfolio.
Despite a lower number of loans serviced — 10,494 loans were reported at the end of December last year — the loans’ aggregate principal balance was up by $0.230 billion from Dec. 31, 2014.
At the end of the first quarter, the Salt Lake City-based lender accounted for 1,986 employees.
Recent headcount was 112 more than workers tallied at the end of the fourth quarter last year.
