Among several mortgage firms that recently reported originations are lenders that have seen substantial year-over-year improvement, increased purchase financing and several commercial mortgage transactions.
As part of the Mortgage Daily Third Quarter 2014 Mortgage Origination Survey, United Shore Financial Services LLC reported that it funded 10,154 loans for $2.340 billion during the three months ended Sept. 30.
Mortgage brokers delivered $2.204 billion of Birmingham, Mich.-based United Shore’s volume, while the retail channel was responsible for $0.135 billion.
Mortgage production during the first 10 months of this year at Fairway Independent Mortgage Corp. was reported at $4.46 billion.
Pacific Union Financial LLC projects that mortgage production will rise from an expected $4 billion in 2014 to $6 billion next year. The Irving, Texas-based firm reported on Oct. 28 a $14 billion servicing portfolio.
Residential loan originations in the Washington, D.C., area during the past 12 months amounted to more than 4,800 loans at George Mason Mortgage LLC, the Fairfax, Va.-based company reported in November. Production during the past decade reportedly exceeds $31 billion.
Purchase financing from April 1 through Sept. 30 was up by nearly half from the same period last year at Churchill Mortgage Corp., a news release indicated. The Brentwood, Tenn.-based company previously reported that it closed 2,525 purchase and refinance loans for $0.477 billion during the six-month period.
Second-quarter first-time mortgage originations increased more than 7 percent from a year earlier at Michigan credit unions, the Michigan Credit Union League reported.
Commercial Mortgage Originations
More than 70 commercial real estate loans secured by properties in the Bronx, N.Y., have been closed by Eastern Union Funding, a Nov. 19 announcement said.
Greystone reported in October three recently closed three commercial mortgages for $0.047 billion. Two of the deals were secured by California properties, and the third was backed by an Arizona property.
Nearly $0.007 billion in Florida and Georgia CRE loan originations were reported in October for the Sarasota, Fla., office of Thomas D. Wood Co.
Another $0.017 billion in commercial mortgages in Florida and the Carolinas was originated by Thomas D. Wood’s Tampa, Fla., office, while its Miami office closed the same amount in Florida loans.
