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Castle & Cooke Mortgage LLC experienced a 28 percent year-over-year increase in loan production in 2016, and is looking at further growth in 2017 as the company plans to continue opening new branches and adding employees. The increase in 2016 loan production follows a 27 percent rise in production in 2015.
"Castle & Cooke Mortgage has experienced consistent growth in the past two years," said Castle & Cooke Mortgage President and COO Adam Thorpe. "With several new branches in queue to be opened this year, we are already on track for a successful year in 2017."
To accommodate its rapid growth, Castle & Cooke Mortgage moved into new, larger office in Draper, Utah last summer. The company increased its employee count by nearly 25 percent to more than 350 employees in 2016, adding employees at both the corporate level and in new and existing branches across the country. In the latter part of 2016, new hires were collectively responsible for about 20 percent of monthly production volumes.
"Higher rates and industry production projections for 2017 present challenges for all lenders," Thorpe said. "Yet as we continue to expand, we see great opportunities to help even more Americans achieve their dreams of homeownership. We make obtaining a mortgage a very smooth transaction for borrowers with great customer service and an efficient loan origination process."