Breaking News Today

The Top 150 Mortgage Lenders in 2021

Published: (Updated: ) in Finance Advice by .

The Top 150 Mortgage Lenders in 2021
The Top 150 Mortgage Lenders in 2021

 

We’ve updated our list of the largest mortgage companies in 2021. Last year (2021), 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 2021. 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
READ:  5 Companies That Pay You to Advertise on Your Car in 2021

The Full List – Top Mortgage Lenders

 

We used the the 2021 HMDA loan level database to calculate our results. We excluded subordinate liens and commercial properties.

Shares
Share This
Finance Advice 2021