Annual home lending increased at Navy Federal Credit Union, as did its mortgage servicing portfolio. There was, however, a slight quarter-over-quarter drop in residential production.
The Vienna, Virginia-based financial institution serviced 280,980 single-family loans with a collective unpaid principal balance of $60.476 billion as of year-end 2017.
Those details, along with other operational metrics for its home-lending business, were divulged as part of the Mortgage Daily Fourth Quarter 2017 Mortgage Origination Survey.
Source: Mortgage Daily