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The top 10 largest lenders by number of mortgages originated last year are: United Wholesale Mortgage: This lender originated 294,000 loans worth nearly $108.5 billion in 2023, according to HMDA data.
[10] [11] This moved the company from the twelfth-largest retail mortgage lender in the U.S. to the tenth-largest. [12] In 2015, Guaranteed Rate became the eighth-largest retail mortgage lender with volume of more than $18 billion in home loans and was named Lender of the Year by Chicago Agent magazine. [13]
In 2013, Prospect Mortgage loan officers accounted for 7 of the top 100 and 10 of the top 200 mortgage originators in America in 2013 according to Mortgage Executive Magazine. [13] In January 2014, Prospect acquired the retail mortgage branch operations of Impac Mortgage, which added 12 branches to their fold.
Moving down the list, third largest originator Bank of America turned in the best performance in terms of growth, increasing its originations by 11.7% over the first quarter. At one time, the ...
According to 2022 Home Mortgage Disclosure Act data, the top five biggest mortgage lenders are Rocket Mortgage, United Shore Financial, LoanDepot.com, Wells Fargo and Fairway Independent. Show ...
In the U.S., the process by which a mortgage is secured by a borrower is called origination. This involves the borrower submitting a loan application and documentation related to his/her financial history and/or credit history to the underwriter, which is typically a bank. Sometimes, a third party is involved, such as a mortgage broker.
Black Knight, Inc. is an American corporation that provides integrated technology, services, data and analytics to the mortgage lending, servicing and real estate industries, as well as the capital and secondary markets. Black Knight is also known for its monthly benchmark data reports: Mortgage Monitor, a month-end analysis of mortgage ...
"If you want to run with the big dogs, you can't pee with the puppies," says Wells Fargo about mortgage underwriting -- it, of course, didn't actually say that (or, at least, not that I know of).