New business was higher during the most recent quarter at loanDepot LLC. In addition, an increase was reported for both its loan servicing portfolio and staffing.
As part of
the Mortgage Daily Third Quarter 2017 Mortgage Origination Survey, loanDepot said it serviced 191,141 home loans with a collective unpaid principal balance of $44.792 billion as of Sept. 30.
The mortgage servicing portfolio at the
Foothill Ranch, California-based company expanded from three months earlier, when it stood at 166,427 loans for $39.119 billion.
No servicing portfolio was reported for a year earlier.
During the three months ended Sept. 30 of this year, loanDepot originated 36,385 loans for $9.276 billion. Business climbed from 32,007 mortgages closed for $8.329 billion in the second quarter. But production declined from the third-quarter 2016, when $10.133 billion in loans were funded.
From Jan. 1, 2017, through the end of the third quarter, 68,392 loans were originated for 25.087 billion.
All of loanDepot’s business is generated through the retail channel.
There were 6,199 people on the home lender’s payroll, more than 5,826 as of mid-2017.
At the same point last year, headcount was 5,422.
