Rate Business More Than Doubles With Q4 Mortgage Production Up 20% From Q3

By: Nicole Gates

“It was a banner year for Rate Inc.,” states MortgageDaily.com, “where residential loan originations more than doubled from 2011.”

During the fourth-quarter in 2012, Rate originated 17,554 loans for $4.907 billion, strengthening significantly from the prior three-month period, when we closed $4.1 billion.

Volume during all four quarters of 2012 added up to $14.7 billion, with originations more than doubling from 2011, when $6.8 billion in home loans were closed.

To see the full article on MortgageDaily.com, click here.