Merix Financial, one of the larger non-bank mortgage lenders, has been putting up serious numbers.
Its year-to-date mortgage volumes have jumped 37.1% versus last year.
The company has been a rate leader on numerous occassions the past few months, which is probably part of the reason for its success. In addition, Merix and its affiliate companies are doing major volume in the private label and wholesale lending space.
Merix’s volume gains haven’t been at the expense of productivity, however. In fact, the company’s key measure of efficiency (its application-to-funding ratio) improved 22.2% since January 1.