$14.6 billion 3rd quarter production
By MortgageDaily.com staff
11/10/2005

Quarterly mortgage production reached a milestone at SunTrust Bank Inc.

Third quarter volume of $14.6 billion exceeded the prior quarter's $11.2 billion and more than doubled the $7.0 billion a year-ago, according to e-mailed statements from SunTrust spokesman Jim Hines.

The Atlanta, Ga.-based lender's latest quarterly fundings are the highest ever recorded by MortgageDaily.com.

"SunTrust's concentrated, corporate-wide sales focus continues to pay off in strong across-the-board loan growth and record mortgage production," said Chairman and CEO L. Phillip Humann in the company's recent earnings announcement.

Residential lending and home equity lending were among the areas of strongest consumer growth during the latest period, the announcement said.

Third quarter net income was $510.8 million, SunTrust reported.

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