Not only did the mortgage servicing portfolio grow at The Money Source Inc., but the number of people working for the home lender increased. Annual originations, including wholesale and correspondent, are likely to fall.
The Melville, New York-based company serviced 116,399 single-family loans that had an aggregate unpaid principal balance of $24.139 billion as of March 31.
TMS revealed the numbers, along with other operational metrics, as part of the the Mortgage Daily First Quarter 2018 Mortgage Origination Survey.
Source: Mortgage Daily