Vienna, Virginia-based Navy Federal Credit Union reported a year-over-year increase in quarterly mortgage originations as much of the industry have reported declines during the same period.
Navy serviced 248,353 single-family loans with a collective unpaid principal balance of $51.340 billion as of June 30, 2017, according to data submitted as part of the Mortgage Daily Second Quarter 2017 Mortgage Origination Survey.
The servicing portfolio increased from three months prior, when 247,518 loans were serviced for $51.020 billion. A year prior, 242,448 mortgages were serviced for $49.499 billion..
Source: Mortgage Daily