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.

Increasing lending and servicing capacity – regardless of rates

Business process outsourcing and digital transformation are proven solutions that more companies in the mortgage industry are turning to. Download this white paper for more.

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 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.

Leave a comment

Most Popular Articles

Do higher mortgage rates mark the end of the refi wave?

As mortgage rates rose over the last week, refi activity fell. But millions of borrowers are still eligible if lenders can get them through the pipeline.

Feb 23, 2021 By

Latest Articles

Finicity launches verification service approved by GSEs

Finicity, an open-banking solutions provider that was acquired by Mastercard in October, announced that it is dipping further into the mortgage space.

Feb 25, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please