Mortgage servicing and staffing both expanded at loanDepot LLC. But despite a quarter-over-quarter rise in home lending, there was a year-over-year decline.
As of the end of last year, the Foothill Ranch, California-based company serviced 203,588 single-family loans with an unpaid collective balance of $46.765 billion.
loanDepot revealed the data, as well as other operational metrics, as part of its participation in the Mortgage Daily Fourth Quarter 2017 Mortgage Origination Survey.
Source: Mortgage Daily