Quarterly mortgage originations increased at Stearns Lending Inc., while the size of the mortgage servicing portfolio was larger, and the number of people on the payroll rose.
Stearns reported as part of the Mortgage Daily Third Quarter 2016 Mortgage Origination Survey that it serviced 115,332 loans for $24.244 billion as of Sept. 30.
The Santa Ana, California-based company’s mortgage servicing portfolio grew from three months earlier, when the total came to 113,715 loans serviced for $23.857 billion.
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From:: Financing