Top 10 Mortgage Lenders In US For 2018
The Consumer Protection Financial Bureau has unveiled its mortgage data for 2018. In it is a compilation of the top 10 mortgage lenders in the United States.
According to HousingWire, HMDA data prepared by iEmergent shows the nation's top 10 lenders. The data includes originated loans for single-family 1- 4 units. It does not include manufactured homes, multifamily, home improvement loans or repurchases.
The 2018 HMDA reporting format changed significantly from 2017 – in particular, there were changes to how lenders reported open- and close-ended home equity loans. The changes in HMDA reporting make it hard to compare 2018 to the year before, according to HousingWire.
1. Wells Fargo – $83.4 billion
Share of total origination volume: 4.8%
Rank in total number of loans: 2
2. Quicken Loans – $81.4 billion
Share of total origination volume: 4.7%
Rank in total number of loans: 1
3. JPMorgan Chase – $57.7 billion
Share of total origination volume: 3.3%
Rank in total number of loans: 4
4. Bank of America – $55.2 billion
Share of total origination volume: 3.2%
Rank in total number of loans: 3
5. United Wholesale Mortgage – $41.6 billion
Share of total origination volume: 2.4%
Rank in total number of loans: 5
6. loanDepot – $32 billion
Share of total origination volume: 1.8%
Rank in total number of loans: 7
7. U.S. Bank – $29.5 billion
Share of total origination volume: 1.8%
Rank in total number of loans: 6
8. Caliber Home Loans – $29.1 billion
Share of total origination volume: 1.7%
Rank in total number of loans: 9
9. Fairway Independent Mortgage – $24.9 billion
Share of total origination volume: 1.4%
Rank in total number of loans: 8
10. Flagstar Bank – $19.6 billion
Share of total origination volume: 1.1%
Rank in total number of loans: 11
Read more about the top mortgage lenders by clicking on the photo above.
