The results of the Origination News 2015 Top Producers survey reflect a year of transition for mortgage originations, with volume for many declining on a year-over-year basis.
There were just three mortgage originators whose personal production in 2014 topped $200 million, down from six for 2013, reflecting the slower overall origination market.
As a whole, mortgage industry volume declined to $1.1 trillion in 2014 from $1.8 trillion the year before, according to data from the Mortgage Bankers Association. The share of refinancings fell to 43% from 60% the year prior. Many originators anticipated that. However, an expected increase in purchase volume that was supposed to offset it failed to materialize, further challenging originators.
The decrease wasn't just a matter of dollar volume. There were nine loan officers who produced more than 500 units for the year, or more than 42 per month on average. The previous year, there were 14 originators in this category, including three who produced over 700 loans during the year.
The National Mortgage News family of publications began its annual loan officer rankings in 1999, with production data covering origination volume from 1998.
A new segment of this year's list will be revealed each business day from April 15 through April 27. The list below will be updated with links when each segment is published.
2015 Top Producers
Top Producers Regional Rankings
Producer Profile
Producer Profile is a weekly Q&A series highlighting career anecdotes and insights into the success of the loan officers from the 2015 Top Producers rankings.