August total volume $112 million
By MortgageDaily.com staff
10/8/2003

Venture West Funding Inc. announced record year-to-date production -- with the mortgage brokerage also reporting its best month ever.

The Southern California firm reported total volume of $758.5 million during the first nine months of 2003, resulting in a 20.3% increase from the same time last year. The record figure includes residential fundings.

Multifamily and commercial volume contributed $520 million to the total production, an increase from $458.2 million last year.

"In August we set a single-month total volume record of $112 million," said principal Matt Douglas in the announcement. "The sharp growth in our single-family loans clearly shows the impact of historically low mortgage rates which have been a tremendous stimulus to the economy."

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