Despite a drop in quarterly home-lending volume at Lake Michigan Credit Union, the size of the mortgage servicing portfolio and payroll expanded.
When March 2017 concluded, the Grand Rapids, Michigan-based organization serviced 57,674 residential loans with a collective unpaid principal balance of $8.992 billion.
The financial institution reported the data, along with other operational metrics, as part of the Mortgage Daily First Quarter 2017 Mortgage Origination Survey.
Source: Mortgage Daily
