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.
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.
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|
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.
|CALIBER HOME LOANS||$40.3B||WEBSITE|
|GUILD MORTGAGE COMPANY||$16.0B||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|
|VETERANS UNITED HOME LOANS||$16.4B||WEBSITE|
|HOMEBRIDGE FINANCIAL SERVICES||$16.2B||WEBSITE|
|FINANCE OF AMERICA||$15.3B||WEBSITE|
The Full List – Top Mortgage Lenders
We used the the 2023 HMDA loan level database to calculate our results. We excluded subordinate liens and commercial properties.