Although it managed to grow the size of its residential loan servicing portfolio, Primary Residential Mortgage Inc. experienced a drop in production and headcount.

The Salt Lake City-based mortgage banking firm reported that it serviced 14,467 single-family loans with an aggregate unpaid principal balance of $2.562 billion as of Dec. 31.

The servicing portfolio, which was reported as part of the Mortgage Daily Fourth Quarter 2017 Mortgage Origination Survey, grew from 14,170 loans for $2.540 billion three months earlier.

Source: Mortgage Daily