We’ve updated our list of the largest mortgage companies in 2020. Last year (2020), mortgage lenders originated 13 million loans for a combined $3.9 Trillion. Here’s a list of the largest 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. The top 50 companies alone account for 54% of the mortgage market. Let’s see how they stack up against each other.
The Super Heavyweight | #1 Top Mortgage Lender | $300 Billion +
Quicken significantly extended its lead over the market in 2020. They originated $313 Billion which accounts for 8.1% of total mortgages (up from 6.5% in 2019).
QUICKEN LOANS | $313.2B | Website |
The Heavyweights | Top Mortgage Lenders (#2 & #3) | $100-$200 Billion
United Shore (AKA United Wholesale), the #1 wholesale lender joins Wells Fargo, the first depository on the list. These 2 companies account for 7.8% of the mortgage volume in the US (down from almost 10% in 2019).
UNITED SHORE | $178.4B | Website |
WELLS FARGO BANK | $125.0B | Website |
The Light Heavyweights | $80-$100 Billion
Both Freedom Mortgage and LoanDepot passed the banking giants JPMorgan Chase Bank and Bank of America this year to come in at #4 and #5. JPMorgan Chase, the largest bank by assets in the US, held strong to finish in 6th place for the year.
FREEDOM MORTGAGE | $99.2B | Website |
LOANDEPOT.COM | $96.5B | Website |
JPMORGAN CHASE BANK | $89.9B | Website |
The Super Middleweights | $50-$80 Billion
Some of the top non-depository lenders including Caliber, Fairway, and Guaranteed Rate, and Guild join Bank of America (down 5 spots) and US Bank. This group accounts for another 8.4% of total originated volume. If you’re keeping track, 3 out of every 10 people you see on the sidewalk, got their mortgage from a top 10 lender.
CALIBER HOME LOANS | $70.1B | Website |
GUARANTEED RATE | $69.8B | Website |
BANK OF AMERICA | $69.2B | Website |
FAIRWAY MORTGAGE | $63.1B | Website |
US BANK | $53.2B | Website |
The Middleweights | $25-$50 Billion
These lenders all originate more than $25 Billion a year or $2 Billion a month! Together, these 9 companies account for 12.2% of the total mortgage market.
CROSS COUNTRY MORTGAGE | $42.7B | Website |
HOME POINT FINANCIAL | $39.0B | Website |
FLAGSTAR BANK | $36.5B | Website |
NATIONSTAR MORTGAGE (MR. COOPER) | $35.7B | Website |
GUILD MORTGAGE COMPANY | $34.9B | Website |
PENNYMAC LOAN SERVICES, LLC | $34.9B | Website |
NEW AMERICAN FUNDING | $30.2B | Website |
MOVEMENT MORTGAGE | $29.9B | Website |
FINANCE OF AMERICA | $28.9B | Website |
CITIBANK | $27.3B | Website |
CARDINAL FINANCIAL | $26.9B | Website |
CITIZENS BANK | $26.5B | Website |
HOMEBRIDGE FINANCIAL SERVICES | $26.0B | Website |
VETERANS UNITED | $25.9B | Website |
TRUIST | $25.5B | Website |
The Full List – Top Mortgage Lenders
1 | 1 | QUICKEN LOANS INC. | $313.2 | 1,141,303 | $274,380 |
2 | 2 | UNITED SHORE FINANCIAL SERVICES, LLC | $178.4 | 543,710 | $328,207 |
3 | 4 | WELLS FARGO BANK, NATIONAL ASSOCIATION | $125.0 | 304,027 | $411,016 |
4 | 3 | FREEDOM MORTGAGE CORPORATION | $99.2 | 388,443 | $255,447 |
5 | 5 | LOANDEPOT.COM, LLC | $96.5 | 280,894 | $343,559 |
6 | 8 | JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | $89.9 | 212,605 | $422,622 |
7 | 6 | CALIBER HOME LOANS, INC. | $70.1 | 226,235 | $310,046 |
8 | 9 | GUARANTEED RATE, INC. | $69.8 | 200,043 | $348,940 |
9 | 10 | BANK OF AMERICA, NATIONAL ASSOCIATION | $69.2 | 150,456 | $459,903 |
10 | 7 | FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $63.1 | 212,711 | $296,588 |
11 | 11 | US BANK NATIONAL ASSOCIATION | $53.2 | 146,283 | $363,530 |
12 | 13 | CROSSCOUNTRY MORTGAGE, INC. | $42.6 | 137,378 | $310,437 |
13 | 16 | HOME POINT FINANCIAL CORPORATION | $39.0 | 117,127 | $333,119 |
14 | 15 | FLAGSTAR BANK, FSB | $36.5 | 118,417 | $308,256 |
15 | 12 | NATIONSTAR MORTGAGE LLC | $35.7 | 143,747 | $248,191 |
16 | 14 | GUILD MORTGAGE COMPANY | $34.9 | 123,722 | $282,031 |
17 | 17 | PENNYMAC LOAN SERVICES, LLC | $34.9 | 113,435 | $307,531 |
18 | 19 | BROKER SOLUTIONS, INC. | $30.2 | 100,789 | $299,546 |
19 | 18 | MOVEMENT MORTGAGE, LLC | $29.9 | 107,354 | $278,287 |
20 | 22 | FINANCE OF AMERICA MORTGAGE LLC | $28.9 | 85,337 | $339,209 |
21 | 57 | CITIBANK, NATIONAL ASSOCIATION | $27.3 | 31,347 | $869,916 |
22 | 21 | CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $26.9 | 91,573 | $293,213 |
23 | 23 | CITIZENS BANK, NATIONAL ASSOCIATION | $26.5 | 85,213 | $310,592 |
24 | 28 | HOMEBRIDGE FINANCIAL SERVICES, INC. | $26.0 | 77,633 | $335,408 |
25 | 20 | VETERANS UNITED HOME LOANS | $25.9 | 94,134 | $275,083 |
26 | 25 | TRUIST BANK | $25.5 | 84,811 | $300,325 |
27 | 26 | AMERISAVE MORTGAGE CORPORATION | $23.7 | 84,218 | $281,074 |
28 | 29 | NAVY FEDERAL CREDIT UNION | $23.4 | 76,313 | $306,811 |
29 | 27 | PRIMELENDING, A PLAINSCAPITAL COMPANY | $22.5 | 82,016 | $274,719 |
30 | 24 | NEWREZ LLC | $22.3 | 84,861 | $262,608 |
31 | 99 | FIRST REPUBLIC BANK | $22.2 | 18,852 | $1,178,751 |
32 | 30 | PNC BANK, NATIONAL ASSOCIATION | $20.1 | 65,844 | $305,129 |
33 | 35 | AMERICAN PACIFIC MORTGAGE CORPORATION | $19.7 | 54,629 | $361,482 |
34 | 34 | BETTER MORTGAGE CORPORATION | $18.8 | 56,686 | $332,166 |
35 | 32 | CMG MORTGAGE, INC. | $18.2 | 60,515 | $299,933 |
36 | 33 | EVERETT FINANCIAL, INC. | $16.0 | 57,526 | $277,579 |
37 | 36 | ACADEMY MORTGAGE CORPORATION | $15.1 | 52,704 | $285,718 |
38 | 39 | LAKEVIEW LOAN SERVICING, LLC | $15.0 | 50,277 | $299,102 |
39 | 31 | THE HUNTINGTON NATIONAL BANK | $14.4 | 61,821 | $233,739 |
40 | 38 | USAA FEDERAL SAVINGS BANK | $14.1 | 52,263 | $270,642 |
41 | 41 | PARAMOUNT RESIDENTIAL MORTGAGE GROUP, INC. | $14.0 | 47,447 | $294,881 |
42 | 45 | PROSPERITY HOME MORTGAGE, LLC | $13.8 | 43,032 | $321,458 |
43 | 43 | PROVIDENT FUNDING ASSOCIATES, L.P. | $13.7 | 45,419 | $301,543 |
44 | 37 | REGIONS BANK | $13.6 | 52,659 | $257,946 |
45 | 40 | DHI MORTGAGE COMPANY, LTD. | $13.3 | 49,063 | $270,128 |
46 | 44 | AMERICAN FINANCIAL NETWORK, INC. | $13.2 | 43,743 | $301,628 |
47 | 47 | EAGLE HOME MORTGAGE, LLC | $13.1 | 40,303 | $324,545 |
48 | 69 | TD BANK, NATIONAL ASSOCIATION | $11.8 | 26,610 | $444,897 |
49 | 46 | PRIMARY RESIDENTIAL MORTGAGE, INC. | $11.6 | 42,366 | $273,204 |
50 | 143 | MORGAN STANLEY PRIVATE BANK, NATIONAL ASSOCIATION | $11.4 | 10,585 | $1,073,407 |
51 | 52 | THE FEDERAL SAVINGS BANK | $11.3 | 35,086 | $321,967 |
52 | 53 | CORNERSTONE HOME LENDING, INC. | $11.0 | 34,765 | $316,680 |
53 | 54 | KEYBANK NATIONAL ASSOCIATION | $10.3 | 33,722 | $305,291 |
54 | 51 | SYNERGY ONE LENDING, INC. | $10.1 | 35,306 | $285,359 |
55 | 56 | STEARNS LENDING, LLC | $9.9 | 31,605 | $314,398 |
56 | 55 | AMERIS BANK | $9.6 | 31,917 | $301,925 |
57 | 42 | FIFTH THIRD BANK, NATIONAL ASSOCIATION | $9.6 | 45,682 | $210,035 |
58 | 66 | CHERRY CREEK MORTGAGE CO., INC. | $9.6 | 27,532 | $346,953 |
59 | 68 | DRAPER AND KRAMER MORTGAGE CORP. | $9.3 | 26,935 | $346,736 |
60 | 62 | BAY EQUITY LLC | $9.1 | 29,346 | $311,103 |
61 | 58 | SUN WEST MORTGAGE COMPANY, INC. | $9.1 | 29,651 | $305,552 |
62 | 64 | SIERRA PACIFIC MORTGAGE COMPANY, INC. | $8.8 | 28,594 | $307,675 |
63 | 48 | GATEWAY MORTGAGE GROUP, LLC | $8.7 | 37,961 | $230,242 |
64 | 63 | RESIDENTIAL MORTGAGE SERVICES, INC. | $8.2 | 28,617 | $284,851 |
65 | 49 | CARRINGTON MORTGAGE SERVICES, LLC | $8.1 | 37,283 | $218,361 |
66 | 59 | BARRINGTON BANK & TRUST COMPANY, N.A. | $8.0 | 29,589 | $271,951 |
67 | 71 | NFM, INC. | $8.0 | 25,868 | $309,582 |
68 | 50 | UNION HOME MORTGAGE CORP. | $8.0 | 36,448 | $219,625 |
69 | 86 | UMPQUA BANK | $8.0 | 22,128 | $359,770 |
70 | 60 | NOVA FINANCIAL & INVESTMENT CORPORATION | $7.8 | 29,565 | $265,096 |
71 | 65 | ARK-LA-TEX FINANCIAL SERVICES, LLC. | $7.8 | 27,868 | $280,298 |
72 | 80 | SUMMIT FUNDING, INC. | $7.5 | 23,396 | $319,157 |
73 | 97 | LENDUS, LLC | $7.2 | 19,746 | $364,810 |
74 | 95 | NBKC BANK | $7.2 | 20,025 | $358,479 |
75 | 77 | NORTHPOINTE BANK | $7.2 | 24,415 | $293,596 |
76 | 72 | PLAZA HOME MORTGAGE, INC. | $7.1 | 25,632 | $276,969 |
77 | 81 | FIRSTBANK | $7.1 | 23,385 | $302,115 |
78 | 102 | COMMERCE HOME MORTGAGE, INC. | $7.0 | 18,567 | $378,673 |
79 | 79 | SWBC MORTGAGE CORPORATION | $6.8 | 23,884 | $286,040 |
80 | 73 | ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $6.7 | 25,569 | $262,946 |
81 | 147 | CHARLES SCHWAB BANK | $6.6 | 7,809 | $845,488 |
82 | 76 | AMERICAN FINANCING CORPORATION | $6.4 | 24,514 | $262,344 |
83 | 84 | FBC MORTGAGE, LLC | $6.3 | 22,619 | $278,463 |
84 | 149 | UBS BANK USA | $6.1 | 5,319 | $1,150,670 |
85 | 104 | PULTE MORTGAGE LLC | $6.1 | 18,256 | $332,436 |
86 | 82 | BANK OF ENGLAND | $6.0 | 22,757 | $264,425 |
87 | 88 | BELL BANK | $5.9 | 21,070 | $281,725 |
88 | 145 | MUFG UNION BANK, NATIONAL ASSOCIATION | $5.9 | 9,045 | $655,431 |
89 | 134 | BBVA USA | $5.9 | 12,164 | $484,703 |
90 | 67 | UNION SAVINGS BANK | $5.8 | 27,110 | $213,723 |
91 | 124 | GEORGE MASON MORTGAGE, LLC | $5.8 | 15,142 | $380,279 |
92 | 111 | PARKSIDE LENDING, LLC | $5.7 | 17,741 | $324,033 |
93 | 90 | PLANET HOME LENDING, LLC | $5.7 | 20,291 | $281,353 |
94 | 75 | VILLAGE CAPITAL & INVESTMENT LLC | $5.7 | 24,602 | $230,860 |
95 | 119 | FIRST HOME MORTGAGE CORPORATION | $5.7 | 16,280 | $348,153 |
96 | 94 | KELLER MORTGAGE, LLC | $5.6 | 20,195 | $278,734 |
97 | 126 | MCLEAN MORTGAGE CORPORATION | $5.6 | 15,017 | $373,438 |
98 | 85 | LAKE MICHIGAN CREDIT UNION | $5.6 | 22,447 | $249,757 |
99 | 113 | EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $5.6 | 17,351 | $322,476 |
100 | 92 | CLEARPATH LENDING | $5.6 | 20,288 | $274,398 |
101 | 129 | AMWEST FUNDING CORP. | $5.5 | 14,506 | $380,071 |
102 | 110 | EMBRACE HOME LOANS, INC. | $5.5 | 17,748 | $309,333 |
103 | 61 | RUOFF MORTGAGE COMPANY, INC. | $5.5 | 29,386 | $185,728 |
104 | 78 | NEW DAY FINANCIAL, LLC | $5.4 | 24,282 | $224,136 |
105 | 128 | WYNDHAM CAPITAL MORTGAGE, INC. | $5.4 | 14,639 | $368,038 |
106 | 133 | LEADER BANK, NATIONAL ASSOCIATION | $5.4 | 12,527 | $429,666 |
107 | 93 | SECURITYNATIONAL MORTGAGE COMPANY | $5.4 | 20,231 | $265,721 |
108 | 89 | LEADERONE FINANCIAL CORPORATION | $5.4 | 21,056 | $255,226 |
109 | 112 | INTERCONTINENTAL CAPITAL GROUP, INC | $5.3 | 17,604 | $302,322 |
110 | 117 | NVR MORTGAGE FINANCE, INC. | $5.3 | 16,707 | $318,242 |
111 | 127 | NORTH AMERICAN SAVINGS BANK, F.S.B. | $5.3 | 14,736 | $360,806 |
112 | 150 | CITY NATIONAL BANK | $5.2 | 3,947 | $1,308,375 |
113 | 103 | ENVOY MORTGAGE, LTD | $5.1 | 18,307 | $280,120 |
114 | 122 | IBERIABANK | $5.1 | 15,578 | $328,753 |
115 | 91 | RENASANT BANK | $5.0 | 20,290 | $248,084 |
116 | 100 | HOMESIDE FINANCIAL, LLC | $5.0 | 18,844 | $266,421 |
117 | 101 | FIRST FEDERAL BANK | $4.9 | 18,711 | $263,764 |
118 | 118 | V.I.P. MORTGAGE, INC. | $4.9 | 16,417 | $300,332 |
119 | 137 | WINNPOINTE CORPORATION | $4.9 | 11,807 | $411,653 |
120 | 87 | DAS ACQUISITION COMPANY, LLC | $4.8 | 21,979 | $220,284 |
121 | 148 | HSBC BANK USA, NATIONAL ASSOCIATION | $4.8 | 6,222 | $778,094 |
122 | 123 | INTERCAP LENDING INC. | $4.8 | 15,358 | $314,009 |
123 | 83 | ARVEST BANK | $4.8 | 22,639 | $212,662 |
124 | 98 | MANUFACTURERS AND TRADERS TRUST COMPANY | $4.8 | 19,096 | $250,744 |
125 | 108 | HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $4.8 | 17,886 | $266,347 |
126 | 96 | MID AMERICA MORTGAGE, INC. | $4.8 | 19,764 | $240,950 |
127 | 144 | GOOGAIN, INC. | $4.7 | 10,034 | $472,121 |
128 | 142 | ALLY BANK | $4.7 | 10,689 | $442,841 |
129 | 130 | FIRST UNITED BANK AND TRUST COMPANY | $4.7 | 14,146 | $333,570 |
130 | 120 | SOUTH STATE BANK, NATIONAL ASSOCIATION | $4.7 | 16,243 | $288,775 |
131 | 114 | FIRST GUARANTY MORTGAGE CORPORATION | $4.7 | 17,281 | $270,166 |
132 | 109 | AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $4.7 | 17,821 | $261,955 |
133 | 70 | STATE EMPLOYEES’ CREDIT UNION | $4.6 | 26,536 | $174,824 |
134 | 135 | NJ LENDERS CORP. | $4.6 | 11,973 | $385,225 |
135 | 139 | FREMONT BANK | $4.6 | 11,288 | $404,271 |
136 | 105 | PLAINS COMMERCE BANK | $4.5 | 18,197 | $249,879 |
137 | 131 | SYNOVUS BANK | $4.5 | 13,394 | $335,443 |
138 | 121 | BOKF, NATIONAL ASSOCIATION | $4.5 | 15,918 | $280,682 |
139 | 106 | WATERSTONE MORTGAGE CORPORATION | $4.5 | 18,146 | $245,845 |
140 | 107 | NATIONS LENDING CORPORATION | $4.5 | 18,021 | $247,119 |
141 | 141 | ZIONS BANCORPORATION, N.A. | $4.4 | 10,904 | $407,805 |
142 | 138 | STRONG HOME MORTGAGE, LLC | $4.4 | 11,641 | $380,499 |
143 | 115 | CHURCHILL MORTGAGE CORPORATION | $4.4 | 17,276 | $255,388 |
144 | 132 | TOWNE BANK | $4.4 | 13,065 | $337,446 |
145 | 140 | MEGA CAPITAL FUNDING, INC. | $4.4 | 11,187 | $392,404 |
146 | 125 | ASSOCIATED BANK, NATIONAL ASSOCIATION | $4.4 | 15,098 | $289,893 |
147 | 136 | CELEBRITY HOME LOANS, LLC | $4.4 | 11,910 | $365,301 |
148 | 146 | FIRST SAVINGS MORTGAGE CORPORATION | $4.3 | 8,557 | $500,024 |
149 | 116 | AMCAP MORTGAGE, LTD. | $4.3 | 17,096 | $249,810 |
150 | 74 | VANDERBILT MORTGAGE AND FINANCE, INC. | $4.1 | 25,133 | $164,934 |
We used the the 2020 HMDA loan-level database to calculate our results. We excluded subordinate liens and commercial properties.