Headlands Mortgage Co. said it had $2.2 billion of loans in the pipeline on Jan. 31, a record for the 12-year-old company.

The figure grew by $200 million in January, when volume is usually low.

Production totaled $683 million, 76% more than a year earlier. The total includes $181 million of agency loans, $403 million of nonagency, $70 million of home equity loans, and $29 million of other loans.

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