Quicken Loans Inc.’s mortgage servicing portfolio continued to grow both on a quarter-over-quarter and year-over-year basis. Originations also increased.
As has been the case for many home lenders, Quicken participated in the Mortgage Daily Second Quarter 2017 Mortgage Origination Survey.
The report revealed that the Detroit-based mortgage-banking organization serviced $259.0 billion in single-family loans as of mid-year 2017.
Mortgage servicing continued to expand at Quicken, growing from $251.0 billion as of March 31, 2017, and $215.0 billion as of June 30, 2016.
During the three months ended June 30, 2017, Quicken closed $19.6 billion in residential loans.
Mortgage production increased from $18.6 billion in the first quarter. But business fell short of $22.9 billion funded in the second quarter of last year.
During the first-six months of this year, originations amounted to $38.2 billion.
Staffing finished last month at
16,000 employees, the same as previously reported as of the end of March 2017. At the midpoint of last year, there were 15,000 people on the payroll.
