In Lake Michigan Credit Union’s mortgage business, loan production leapt, the servicing portfolio continued to grow, and the number people on the payroll expanded.
The Grand Rapids, Michigan-based organization serviced 63,627 single-family loans with a collective unpaid principal balance of $10.269 billion as of mid-2018.
Lake Michigan disclosed the details, along with other operational metrics, as part of the Mortgage Daily Second Quarter 2018 Mortgage Origination Survey.
Source: Mortgage Daily
