A number of single-family lenders recently reported solid levels of residential loan production — even record activity. The volume drove growth in profits and staffing.
Last year, United Wholesale Mortgage originated a record $23 billion, a June 29 news release indicated. This year is on pace to exceed $30 billion in production
Staffing at the subsidiary of United Shore Financial Services LLC has expanded to 2,100 employees from only 400 people back in 2010.
Source: Mortgage Daily