The size of the staff at Finance of America Holdings LLC has swelled by nearly 300 since the end of last year. While originations and servicing were down, a year-over-year bump in lending was noted.
Finance of America reported that it serviced 10,756 residential loans with a collective unpaid principal balance of $1.997 billion as of March 31. All of the loans were serviced for third parties.
The data was reported by the Horsham, Pennsylvania-based organization as part of the Mortgage Daily First Quarter 2018 Mortgage Origination Survey.
Source: Mortgage Daily