Category Archives: Fairway Independent Mortgage

Update on Fairway Independent Mortgage Corp.’s 2016 Performance

Fairway Independent Mortgage Corp. experienced a year-over-year expansion in its home-lending volume, servicing portfolio and employee count.

The Sun Prairie, Wisconsin-based organization serviced 20,969 residential loans with an unpaid principal balance of $4.420 billion as of Dec. 31, 2016.

Those details, along with other operational data, were presented as part of the Mortgage Daily Fourth Quarter 2016 Mortgage1396259-new-fairway-at-a-glance_v3-1 Origination Survey.

The servicing portfolio contracted from 21,277 loans for $4.481 billion three months earlier. But it grew from a year earlier, when 15,401 loans were serviced for $3.290 billion.

Third-party servicing accounted for $4.409 billion of the year-end 2016 total, while owned loans made up the remaining $0.011 billion.

Fairway originated 20,914 loans for $4.835 billion during the most-recent three-month period. Business slowed from 22,854 loans closed for $5.285 billion in the third quarter. But activity accelerated from 13,230 loans funded for $2.818 billion in the fourth-quarter 2015.

Fourth-quarter 2016 lending was comprised of $4.462 billion in retail originations, $0.300 billion in wholesale lending and $0.073 billion in correspondent acquisitions.

Full-year 2016 volume came to 77,663 units for $17.609 billion. Annual activity jumped from 52,035 loans originated for $11.152 billion in 2015.

Staffing at Fairway concluded last year at 4,312 employees. Headcount expanded from 4,115 people as of Sept. 30, 2016, and 3,039 employees on the payroll at the end of 2015.

Thanksgiving and #Giving Tuesday

thanksgiving

To donate, please click here and select a “ticket” for the amount you wish to contribute.

Thank you for your generosity!  100% of our donations go to local veterans and are funded through the American Warrior Initiative, a 501(c)3 sponsored by Fairway Independent Mortgage Corporation.

 

I’m Taking the Challange

We started on April 1st, but it’s no April Fool’s joke.  22 pushups each day for 22 days or donate $22 (or more)

All funds donated during this 22 day challenge will go to purchase service dogs for combat veterans.  You can make donations using the link below.

AWI22 Challange – Make Donations Here

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