Castle & Cooke Mortgage Experiences 28 Percent Growth in 2016 – NMP Skip to main content

Castle & Cooke Mortgage Experiences 28 Percent Growth in 2016

NationalMortgageProfessional.com
Jan 24, 2017

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."

Published
Jan 24, 2017
Chairman Xu Sells Off Personal Assets To Avoid Default

The Evergrande saga continues as Chairman Xu Jiayin sells off 7 billion yuan ($1.1 billion) of his personal assets to prop up the deflating property giant.

Industry News
Nov 23, 2021
OptiFunder Secures $25 Million In Capital

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Tech
Nov 23, 2021
Mortgage Company Donates $100K To High School In Memory Of Fallen U.S. Navy Corpsman

Cleveland-based CrossCountry Mortgage donated $100,000 to Milan Edison High School in memory of U.S. Navy Corpsman, Maxton W. Soviak, who died while assisting in the evacuation of Americans and refugees in Afghanistan in August.

Community
Nov 23, 2021
MISMO Seeks To Standardize Pre-Closing Title Data

Forming workgroup to focus on standardizing document datasets to streamline process and increase efficiency.

Industry News
Nov 23, 2021
Pandemic's Impact On Real Estate Around The World

Although the impact of the COVID-19 pandemic on the real estate industry has been well-documented within the United States, it’d be prudent to know how the global event impacted other countries as well. 

Industry News
Nov 22, 2021
Housing Market Potential Strengthens Modestly

First American Financial Corporation's Potential Home Sales Model for October 2021 reported that potential existing-home sales increased 0.1% month-over-month to 6.27 million, with household formation continuing to grow, largely driven by millennials.

Analysis and Data
Nov 22, 2021