McLean Mortgage Lifts YOY Originations
November 3, 2014 | ,

McLean Mortgage Lifts YOY Originations
Q3 production rises 4% from Q2
Oct. 31, 2014

McLean Mortgage Corporation is one of the only companies that were able to lift residential loan production from a year earlier.

Third-quarter home lending volume at McLean totaled 1,131 loans for $0.379 billion, according to the Mortgage Daily Third Quarter 2014 Mortgage Origination Survey.

Business was better than in the prior three-month period, when the Fairfax, Va.-based firm closed 1,065 residential loans for $0.366 billion.

One year earlier, McLean funded 1,057 loans for $0.354 billion — making it the only lender so far to report a year-over-year gain.

During the first nine months of 2014, mortgage production amounted to 2,856 loans for $0.955 billion.

As of Sept. 30, 2014, there were 230 employees on McLean’s payroll.

Staffing was unchanged from June 30 but has grown from Sept. 30, 2013, when headcount stood at 198.