Although there was a dip in new business generated by mortgage broker clients at USA Mortgage, a healthy gain in retail lending boosted overall activity.
Residential loan originations during the period that started on April 1 and ended on June 30 worked out to 2,284 mortgages for $0.404 billion.
The St. Louis-based mortgage banking firm revealed the operational data in the Mortgage Daily Second Quarter 2015 Mortgage Origination Survey.
Business at USA Mortgage, a division of DAS Acquisition
Company LLC, improved from the first quarter, when it closed 2,048 loans for $0.369 billion.
The latest activity brought year-to-date volume to 4,332 mortgages funded for $0.772 billion.
Retail production at USA Mortgage made up $0.401 billion of the second-quarter total, more than the $0.364 billion closed three months earlier.
But wholesale originations declined to $0.003 billion from $0.004 billion in the first quarter.
USA Mortgage reported no mortgage servicing portfolio.
But it did report staffing, which
expanded to 354 employees as of June 30 from 337 people as of March 31.
