The Top 150 Mortgage Lenders in 2023

Published: January 21, 2023 (Updated: January 21, 2023) in Finance Advice by admin.

Table of Contents

We’ve updated our list of the largest mortgage companies in 2023. Last year (2023), mortgage lenders originated $2.2 Trillion loans for a combined $5.2 Trillion. Here’s a list of the biggest mortgage companies.

The Top Mortgage Lenders Ranked by Volume

The top 150 lenders in the country account for 70% of all mortgage originations in the country. This is up from 67% in 2020 which means more volume is shifting to the largest lenders. The top 50 companies alone account for 54% (up from 50% in 2020) of the mortgage market. Let’s see how they stack up against each other.

2019 Top Mortgage Lenders — 70% of all mortgages are originated by the top 150 lenders.

The Super Heavyweight | $140 Billion +

While Quicken and Wells Fargo Bank were neck and neck in 2018, Quicken pulled away substantially in 2023. They originated $140 Billion which accounts for 6.5% of total mortgages.

QUICKEN LOANS

$141.5B

WEBSITE

The Heavyweights | $100-$110 Billion

United Shore (AKA United Wholesale), the #1 wholesale lender joins Wells Fargo, the first depository on the list. These 2 companies account for almost 10% of the mortgage volume in the US. United Shore moved up 2 spots this year, overcoming Bank of America and JP Morgan Chase.

WELLS FARGO BANK	$105.2B	WEBSITE
UNITED SHORE	$103.4B	WEBSITE

The Light Heavyweights | $60-$75 Billion

JPMorgan Chase Bank and Bank of America are the largest banks by assets in the US and they come in at numbers 4 and 5 on this list. These two banking behemoths account for 6.2% of total mortgage volume.

BANK OF AMERICA	$72.6B	WEBSITE
JPMORGAN CHASE BANK	$62.6B	WEBSITE

The Super Middleweights | $20-$45 Billion

We start to see some of the top non-depository lenders show up in this group including Loandepot.com, Caliber, Fairway, Guaranteed Rate, Freedom, and Guild. This group accounts for another 13% of total originated volume. If you’re keeping track, if you take out a mortgage in the US, there’s a 1 in 3 chance its from the top 15 mortgage lenders.

LOANDEPOT.COM	$42.0B	WEBSITE
CALIBER HOME LOANS	$40.3B	WEBSITE
FAIRWAY MORTGAGE	$36.1B	WEBSITE
US BANK	$34.9B	WEBSITE
GUARANTEED RATE	$32.6B	WEBSITE
FREEDOM MORTGAGE	$28.6B	WEBSITE
FLAGSTAR BANK	$22.3B	WEBSITE
GUILD MORTGAGE COMPANY	$16.0B	WEBSITE
CITIBANK	$12.4B	WEBSITE

The Middleweights | $15-$20 Billion

These lenders all originate more than $15 Billion a year or $1.25 Billion a month! Together, these 9 companies account for 9% of the total mortgage market.

NATIONSTAR MORTGAGE (MR. COOPER)	$19.4B	WEBSITE
NAVY FEDERAL CREDIT UNION	$18.7B	WEBSITE
CITIZENS BANK	$17.7B	WEBSITE
MOVEMENT MORTGAGE	$16.7B	WEBSITE
USAA	$16.6B	WEBSITE
VETERANS UNITED HOME LOANS	$16.4B	WEBSITE
HOMEBRIDGE FINANCIAL SERVICES	$16.2B	WEBSITE
FINANCE OF AMERICA	$15.3B	WEBSITE
PNC BANK	$15.3B	WEBSITE

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The Full List – Top Mortgage Lenders

$ Volume Rank	Unit Rank	Mortgage Company	Volume ($Billions)	Units	Average Loan Size
1	1	QUICKEN LOANS INC.	$141.50	549,156	$257,665
2	3	WELLS FARGO BANK, NATIONAL ASSOCIATION	$105.25	248,969	$422,736
3	2	UNITED SHORE FINANCIAL SERVICES, LLC	$103.44	320,999	$322,229
4	5	BANK OF AMERICA, NATIONAL ASSOCIATION	$72.60	155,690	$466,326
5	4	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION	$62.62	166,173	$376,860
6	6	LOANDEPOT.COM, LLC	$42.00	139,746	$300,572
7	7	CALIBER HOME LOANS, INC.	$40.31	133,323	$302,369
8	8	FAIRWAY INDEPENDENT MORTGAGE CORPORATION	$36.07	132,753	$271,725
9	11	US BANK NATIONAL ASSOCIATION	$34.94	96,633	$361,617
10	10	GUARANTEED RATE, INC.	$32.64	99,127	$329,229
11	9	FREEDOM MORTGAGE CORPORATION	$28.55	108,913	$262,151
12	14	FLAGSTAR BANK, FSB	$22.29	76,917	$289,771
13	13	GUILD MORTGAGE COMPANY	$21.21	78,247	$271,070
14	42	CITIBANK, NATIONAL ASSOCIATION	$21.08	26,959	$781,773
15	12	NATIONSTAR MORTGAGE LLC	$19.44	81,608	$238,235
16	17	NAVY FEDERAL CREDIT UNION	$18.74	65,455	$286,377
17	18	CITIZENS BANK, NATIONAL ASSOCIATION	$17.71	63,681	$278,133
18	16	MOVEMENT MORTGAGE, LLC	$16.65	65,791	$253,113
19	19	USAA FEDERAL SAVINGS BANK	$16.59	62,575	$265,160
20	15	VETERANS UNITED HOME LOANS	$16.37	66,465	$246,344
21	23	HOMEBRIDGE FINANCIAL SERVICES, INC.	$16.16	52,056	$310,394
22	25	FINANCE OF AMERICA MORTGAGE LLC	$15.33	47,553	$322,341
23	21	PNC BANK, NATIONAL ASSOCIATION	$15.26	56,328	$270,998
24	22	BROKER SOLUTIONS, INC.	$14.81	53,495	$276,832
25	20	PRIMELENDING, A PLAINSCAPITAL COMPANY	$14.76	57,997	$254,496
26	89	FIRST REPUBLIC BANK	$14.51	12,464	$1,163,888
27	24	CROSSCOUNTRY MORTGAGE, INC.	$14.30	51,053	$280,114
28	26	PENNYMAC LOAN SERVICES, LLC	$13.17	45,916	$286,734
29	28	HOME POINT FINANCIAL CORPORATION	$12.10	41,812	$289,434
30	30	PROVIDENT FUNDING ASSOCIATES, L.P.	$11.36	37,205	$305,375
31	31	CMG MORTGAGE, INC.	$10.44	36,813	$283,588
32	40	SUNTRUST BANKS, INC.	$10.39	32,360	$320,978
33	36	NEWREZ LLC	$10.15	34,703	$292,441
34	39	EAGLE HOME MORTGAGE, LLC	$9.98	32,547	$306,782
35	33	CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP	$9.69	36,572	$264,998
36	29	BRANCH BANKING AND TRUST COMPANY	$9.57	39,512	$242,309
37	35	ACADEMY MORTGAGE CORPORATION	$9.13	34,707	$263,066
38	34	DHI MORTGAGE COMPANY, LTD.	$9.11	34,965	$260,480
39	27	THE HUNTINGTON NATIONAL BANK	$8.58	42,535	$201,722
40	122	MORGAN STANLEY PRIVATE BANK, NATIONAL ASSOCIATION	$8.55	9,243	$924,519
41	49	AMERICAN PACIFIC MORTGAGE CORPORATION	$8.37	23,027	$363,382
42	54	TD BANK, NATIONAL ASSOCIATION	$7.99	20,218	$395,157
43	109	MUFG UNION BANK, NATIONAL ASSOCIATION	$7.78	10,436	$745,694
44	41	EVERETT FINANCIAL, INC.	$7.70	30,675	$251,049
45	43	STEARNS LENDING, LLC	$7.62	25,691	$296,609
46	32	FIFTH THIRD BANK, NATIONAL ASSOCIATION	$7.47	36,718	$203,397
47	37	CARRINGTON MORTGAGE SERVICES, LLC	$7.25	34,434	$210,673
48	45	AMERICAN FINANCIAL NETWORK, INC.	$7.16	25,128	$284,923
49	44	PARAMOUNT RESIDENTIAL MORTGAGE GROUP, INC.	$7.01	25,229	$277,782
50	38	REGIONS BANK	$6.88	33,546	$205,008
51	52	CORNERSTONE HOME LENDING, INC.	$6.36	20,951	$303,600
52	53	PROSPERITY HOME MORTGAGE, LLC	$6.15	20,879	$294,556
53	46	PRIMARY RESIDENTIAL MORTGAGE, INC.	$6.12	23,868	$256,381
54	47	KEYBANK NATIONAL ASSOCIATION	$5.98	23,404	$255,400
55	57	SIERRA PACIFIC MORTGAGE COMPANY, INC.	$5.80	19,195	$302,325
56	58	THE FEDERAL SAVINGS BANK	$5.63	18,684	$301,194
57	55	SYNERGY ONE LENDING, INC.	$5.45	19,828	$274,689
58	64	NVR MORTGAGE FINANCE, INC.	$5.17	16,503	$313,031
59	82	UMPQUA BANK	$5.09	14,051	$362,481
60	69	CHERRY CREEK MORTGAGE CO., INC.	$5.05	15,795	$319,705
61	71	PULTE MORTGAGE LLC	$4.95	15,681	$315,687
62	67	BAY EQUITY LLC	$4.80	15,978	$300,536
63	68	J.G. WENTWORTH HOME LENDING, LLC	$4.79	15,948	$300,519
64	59	RESIDENTIAL MORTGAGE SERVICES, INC.	$4.76	17,891	$266,130
65	56	AMERISAVE MORTGAGE CORPORATION	$4.76	19,612	$242,459
66	51	GATEWAY MORTGAGE GROUP, LLC	$4.63	21,609	$214,150
67	148	UBS BANK USA	$4.62	4,645	$993,977
68	62	LAKEVIEW LOAN SERVICING, LLC	$4.60	17,552	$262,315
69	116	TIAA, FSB	$4.56	9,624	$473,373
70	86	NBKC BANK	$4.43	13,003	$340,910
71	50	UNION HOME MORTGAGE CORP.	$4.34	22,326	$194,278
72	150	CITY NATIONAL BANK	$4.31	3,453	$1,248,168
73	63	BARRINGTON BANK & TRUST COMPANY, N.A.	$4.14	17,293	$239,531
74	79	AMERIS BANK	$4.11	14,994	$274,054
75	85	SUMMIT FUNDING, INC.	$4.09	13,456	$303,951
76	105	IMPAC MORTGAGE CORP.	$4.08	10,925	$373,459
77	75	AMERICAN FINANCING CORPORATION	$4.07	15,120	$269,189
78	48	STATE EMPLOYEES’ CREDIT UNION	$3.99	23,298	$171,471
79	72	ARK-LA-TEX FINANCIAL SERVICES, LLC.	$3.99	15,405	$259,288
80	78	PLAZA HOME MORTGAGE, INC.	$3.92	15,015	$261,261
81	115	BBVA USA	$3.88	9,692	$400,493
82	95	NEW YORK COMMUNITY BANK	$3.86	12,011	$321,464
83	74	NOVA FINANCIAL & INVESTMENT CORPORATION	$3.84	15,213	$252,699
84	65	ATLANTIC BAY MORTGAGE GROUP, L.L.C.	$3.84	16,316	$235,519
85	61	DITECH FINANCIAL LLC	$3.84	17,578	$218,302
86	80	FIRSTBANK	$3.75	14,493	$258,925
87	83	SWBC MORTGAGE CORPORATION	$3.70	13,809	$268,055
88	81	FBC MORTGAGE, LLC	$3.65	14,173	$257,308
89	147	CHARLES SCHWAB BANK	$3.64	5,036	$722,327
90	73	BANK OF ENGLAND	$3.63	15,222	$238,437
91	117	ZIONS BANCORPORATION, N.A.	$3.63	9,605	$377,535
92	70	MANUFACTURERS AND TRADERS TRUST COMPANY	$3.58	15,737	$227,352
93	99	BETTER MORTGAGE CORPORATION	$3.57	11,363	$314,020
94	107	LENDUS, LLC	$3.51	10,636	$330,007
95	108	IBERIABANK	$3.45	10,494	$328,314
96	102	EVERGREEN MONEYSOURCE MORTGAGE COMPANY	$3.39	11,078	$305,728
97	93	NORTHPOINTE BANK	$3.38	12,274	$275,046
98	98	ASSOCIATED BANK, NATIONAL ASSOCIATION	$3.38	11,503	$293,440
99	113	DRAPER AND KRAMER MORTGAGE CORP.	$3.34	9,822	$340,136
100	87	BOKF, NATIONAL ASSOCIATION	$3.32	12,880	$257,964
101	96	NFM, INC.	$3.27	12,005	$272,286
102	77	UNION SAVINGS BANK	$3.26	15,043	$216,959
103	138	BANK OF THE WEST	$3.15	7,371	$427,666
104	131	HOMESTREET BANK	$3.14	8,158	$384,511
105	84	LAKE MICHIGAN CREDIT UNION	$3.13	13,530	$231,596
106	92	ENVOY MORTGAGE, LTD	$3.09	12,395	$249,562
107	149	HSBC BANK USA, NATIONAL ASSOCIATION	$3.07	4,460	$688,657
108	133	GEORGE MASON MORTGAGE, LLC	$3.05	7,955	$383,353
109	101	EMBRACE HOME LOANS, INC.	$3.01	11,100	$270,782
110	103	BELL BANK	$2.99	11,008	$271,467
111	124	FIRST HOME MORTGAGE CORPORATION	$2.99	9,141	$326,661
112	97	KELLER MORTGAGE, LLC	$2.97	11,554	$257,272
113	76	ARVEST BANK	$2.92	15,115	$192,973
114	91	WATERSTONE MORTGAGE CORPORATION	$2.88	12,425	$232,124
115	119	PARKSIDE LENDING, LLC	$2.86	9,494	$301,466
116	126	FIRST CHOICE LOAN SERVICES INC.	$2.86	8,957	$318,799
117	88	RENASANT BANK	$2.84	12,568	$226,053
118	142	LEADER BANK, NATIONAL ASSOCIATION	$2.73	6,056	$451,526
119	145	ALLY BANK	$2.73	5,442	$501,882
120	66	RUOFF MORTGAGE COMPANY, INC.	$2.72	16,025	$169,939
121	120	SUN WEST MORTGAGE COMPANY, INC.	$2.72	9,295	$292,365
122	141	COMMERCE HOME MORTGAGE, INC.	$2.67	7,068	$377,517
123	112	PLANET HOME LENDING, LLC	$2.65	10,220	$259,766
124	110	FIRST FEDERAL BANK	$2.64	10,372	$254,564
125	132	NORTH AMERICAN SAVINGS BANK, F.S.B.	$2.62	8,041	$325,265
126	100	LEADERONE FINANCIAL CORPORATION	$2.58	11,139	$231,384
127	128	FIRST UNITED BANK AND TRUST COMPANY	$2.53	8,668	$292,104
128	104	FIRST CITIZENS BANK & TRUST COMPANY	$2.50	10,931	$228,577
129	127	V.I.P. MORTGAGE, INC.	$2.48	8,776	$282,299
130	90	THIRD FEDERAL SAVINGS AND LOAN ASSOCIATION OF CLEVELAND	$2.46	12,460	$197,541
131	106	NEW DAY FINANCIAL, LLC	$2.46	10,647	$230,713
132	125	PARAMOUNT EQUITY MORTGAGE, LLC	$2.45	9,133	$268,170
133	94	DAS ACQUISITION COMPANY, LLC	$2.45	12,143	$201,615
134	130	ON Q FINANCIAL, INC.	$2.45	8,571	$285,406
135	135	MORTGAGE NETWORK, INC.	$2.43	7,697	$316,152
136	111	AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC	$2.43	10,327	$235,624
137	146	FREMONT BANK	$2.38	5,334	$446,462
138	114	SECURITYNATIONAL MORTGAGE COMPANY	$2.36	9,723	$243,160
139	121	CLEARPATH LENDING	$2.36	9,269	$254,987
140	134	CITYWIDE HOME LOANS, LLC	$2.34	7,826	$298,550
141	136	TOWNE BANK	$2.33	7,417	$314,424
142	118	FIRST NATIONAL BANK OF PENNSYLVANIA	$2.32	9,524	$243,600
143	123	AMERICAN MORTGAGE & EQUITY CONSULTANTS, INC.	$2.27	9,238	$245,970
144	140	WYNDHAM CAPITAL MORTGAGE, INC.	$2.27	7,096	$319,231
145	144	STIFEL BANK AND TRUST	$2.25	5,673	$396,370
146	129	LAND HOME FINANCIAL SERVICES, INC.	$2.25	8,609	$260,932
147	143	MCLEAN MORTGAGE CORPORATION	$2.24	5,912	$378,829
148	60	VANDERBILT MORTGAGE AND FINANCE, INC.	$2.21	17,826	$124,207
149	139	KBHS HOME LOANS, LLC	$2.18	7,369	$295,349
150	137	BOEING EMPLOYEES	$2.17	7,400	$293,824

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We used the the 2023 HMDA loan level database to calculate our results. We excluded subordinate liens and commercial properties.