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How brokers can help today’s unique borrower

The average borrower has drastically changed throughout the years. More borrowers are self-employed, work remotely and have multiple streams of income. Learn about the tools to assist any borrower quickly and effectively.

Experts on how AI makes a difference in the mortgage process

Today’s HousingWire Daily features a roundtable discussion on “Humans versus really smart machines” and what the right mix looks like to gain efficiencies in the mortgage loan manufacturing process.


Here are the top 10 mortgage lenders of 2019

HMDA data shows which lenders originated the largest number of loans

The Consumer Financial Protection Bureau released its annual report on Home Mortgage Disclosure Act data on June 24 with reports from 5,496 financial institutions.

The report stated banks collectively originated 32.4% of all reported originations in 2019 with 2.6 million loans. Credit unions followed with 714,000 loans making up 8.8% of originations. Independent mortgage companies took the lion’s share in 2019, originating 4.4 million loans. That accounts for 54.5% of all reported loans.  

Overall, the top 25 lenders accounted for 37.2% of all loan originations in 2019, a slight increase from 33.8% in 2018’s report.

“These same firms also provided additional funding by purchasing approximately 922,000 loans from other lending institutions during 2019 (these loans could have been originated prior to 2019), equal to 44.5% of total purchased loans,” the CFPB said. 

Here is a breakdown of the top 10 originators from 2019 by total amount of home purchase and refinance loans:

10 – U.S. Bank  

  • Total Originations – 94,000
  • Number of home purchase loans – 62,000
  • Number of refinance loans – 41,000

9 – Freedom Mortgage

  • Total Originations – 110,000
  • Number of home purchase loans – 71,000
  • Number of refinance loans – 82,000

8 – Bank of America 

  • Total Originations – 134,000
  • Number of home purchase loans – 62,000
  • Number of refinance loans – 59,000

7 – Caliber Home Loans 

  • Total Originations – 136,000
  • Number of home purchase loans – 71,000
  • Number of refinance loans – 52,000

6 – loanDepot

  • Total Originations – 146,000
  • Number of home purchase loans – 52,000
  • Number of refinance loans – 81,000

5 – Fairway Independent Mortgage

  • Total originations – 147,000
  • Number of home purchase loans – 94,000
  • Number of refinance loans – 33,000

4 – JPMorgan Chase

  • Total originations – 186,000
  • Number of home purchase loans – 65,000
  • Number of refinance loans – 80,000

3 – Wells Fargo

  • Total originations – 232,000
  • Number of home purchase loans – 112,000
  • Number of refinance loans – 92,000

2 – United Wholesale Mortgage

  • Total originations – 339,000
  • Number of home purchase loans – 152,000
  • Number of refinance loans – 160,000

1 – Quicken Loans

  • Total originations – 541,000
  • Number of home purchase loans – 134,000 
  • Number of refinance loans – 381,000

UWM surpassed Wells Fargo for the No. 2 spot in terms of total originations, after reporting 339,00 total originations in 2019 – a jump from the 146,000 it reported in 2018. Fairway Independent Mortgage also rose one spot to No. 5 on the list with 147,000 total originations in 2019 versus 110,000 in 2018.

Freedom Mortgage saw a significant gain after it rose from No. 14 in 2018 with 58,000 total originations, to the No. 9 spot in 2019 with 110,000 total originations.

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