Kelly Lee Named PNW SVP Of Production At Churchill Mortgage

Churchill Mortgage has named Kelly Lee as Senior Vice President of Production in the Northwest region, the company announced in a press release. The appointment comes as part of Churchhill Mortgage’s expansion in the Pacific Northwest. Lee will oversee the entire division, which has 30 branches, including all production. “In addition to being a natural servant leader with a proven track record of developing profitable branches in the Pacific Northwest, Kelly has been a longtime mentor to me since I first started out in this business,” said Kevin J. Hanna, President of the Churchill Mortgage Pacific Northwest Region.  “He’s an undeniable asset to the team with his attention to detail, knack for collaborative problem solving, and dedication to a people-centric…

Overall Mortgage Lending Down, Though HELOCs See Boost

Overall residential lending activity dropped 32% YOY, the fastest decline in eight years, according to ATTOM’s Q1 U.S. Residential Property Mortgage Origination Report. The report found that 2.71 million mortgages secured by residential property were originated in Q1 2022. This is a drop from Q4 and the fourth consecutive quarter of declines. Refinances were down 22% and purchase mortgages fell 18% quarter-over-quarter. Lenders originated $892.4 billion in loans in Q1, down 17% from Q4 and 27% YOY. The quarterly dip in dollar volume was the largest in five years, and the annual dip was the largest in eight years. Declining refis drove the declines, with only 1.45 million residential loans refinanced during Q1 2022, down 22% from Q4 and a…