What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

How real estate agents can increase profitability in 2021

As real estate professionals strategize on how to do business in this competitive, fast-paced market, they’ll discover the need for better tools to market their listings.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

Mortgage

Here are the top 10 lenders that dominated 2017

Ranked by loan volume

Lenders in 2017 saw a busy and competitive housing market, keeping them thriving despite rising interest rates and uncertainty surrounding regulation.

And data collected by the Federal Financial Institutions Examination Council under the Home Mortgage Disclosure Act shows just how many loans each lender originated.

HMDA data prepared by iEmergent shows which lenders dominated the top 10 spots for the year. The data includes originated loans for single-family 1-4. It does not include manufactured homes, multi-family, home improvement loans or repurchases.

Here is the list of the top 10 mortgage originators that dominated the 2017 market by total volume of loans originated:

10. Fairway Independent Mortgage – $19.5 billion

Share of total origination volume: 1.2%

Rank in total number of loans: 8

Total number of loans: 86,152

9. U.S. Bank – $22.8 billion

Share of total origination volume: 1.4%

Rank in total number of loans: 10

Total number of loans: 82,776

8. Flagstar Bank – $23.1 billion

Share of total origination volume: 1.4%

Rank in total number of loans: 9

Total number of loans: 83,469

7. United Wholesale Mortgage – $28.9 billion

Share of total origination volume: 1.7%

Rank in total number of loans: 7

Total number of loans: 104,106

6. Caliber Home Loans – $31.3 billion

Share of total origination volume: 1.9%

Rank in total number of loans: 5

Total number of loans: 114,641

5. loanDepot – $33.9 billion

Share of total origination volume: 2%

Rank in total number of loans: 4

Total number of loans: 134,019

4. Bank of America – $46.6 billion

Share of total origination volume: 2.8%

Rank in total number of loans: 6

Total number of loans: 106,290

3. JPMorgan Chase – $53.2 billion

Share of total origination volume: 3.2%

Rank in total number of loans: 3

Total number of loans: 143,704

2. Quicken Loans – $81.3 billion

Share of total origination volume: 4.9%

Rank in total number of loans: 1

Total number of loans: 395,648

1. Wells Fargo – $93 billion

Share of total origination volume: 5.6%

Rank in total number of loans: 2

Total number of loans: 272,938

Earlier this year, Quicken Loans boasted its rise to the top, claiming to be the No. 1 mortgage lender. A look at their financials shows the company did, indeed, surpass Wells Fargo, but just for the fourth quarter of 2017. For the full year, Quicken remains in second place.

Wondering how this list compares to 2016’s top 10? Check it out here.

Most Popular Articles

FHFA extends forbearance period to 18 months

In an effort to protect homeowners, the FHFA extended forbearance coverage to 18 months and pushed the eviction and foreclosure moratorium to June 30.

Feb 25, 2021 By

Latest Articles

Keller Williams, and brokerage’s diversity shortcomings

Some of Keller Williams’ agents slammed the recent white male musical chairs. But the brokerage is hardly alone in lacking diversity at the top. HW+ Premium Content

Mar 01, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please