Mortgage Master posted a record production volume for the first half of 2013, raking in $3.97 billion compared to $3.25 billion the same period a year earlier.
In addition, the Walpole, Mass.- based firm boosted its originations to a record $7.3 billion in 2012, compared to $5.5 billion in 2011.
The surge in profit and loan originations cemented the mortgage firm’s placement as the leader in Massachusetts in terms of residential loan production for 2012 and the first half of 2013, according to data provided by The Warren Group.
From July 2012 to June 2013, the firm closed $8.1 billion in loans, and the average production per loan officer on an annualized basis hit $32 million.
Meanwhile, jumbo loan production also soared 65% from the same period in 2012.
“As we celebrate our 25th year of business, the results we are seeing today, not only in Massachusetts, but across the country, are a testament to the outstanding individuals that make up the Mortgage Master team,” said Paul Anastos, president of Mortgage Master.
Over the first half of the year, the firm heavily expanded and added 31 loan officers and became licensed in 4 new states, including Illinois, Michigan, Texas and Wisconsin.
The firm also opened up five branch locations in New York, Illinois, California and Connecticut.
bswanson@housingwire.com
