Though it managed to grow the size of its servicing portfolio and expand its human resources, Fairway Independent Mortgage Corp. was unable to stop a severe decline in loan originations.
At 22,460 loans with an aggregate unpaid principal balance of $4.712 billion as of mid-year, Fairway’s total mortgage servicing portfolio saw robust growth from 20,146 loans for $4.207 billion three months earlier.
The Sun Prairie, Wisconsin-based mortgage banking firm disclosed the details, along with other operational metrics, as part of the Mortgage Daily Second Quarter 2017 Mortgage Origination Survey.
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From:: Financing