Below is a list of the top mortgage lenders in the United States. With market share of approximately 13%, Wells Fargo is the largest mortgage lender in the nation. For the first quarter 2016, the company reported residential mortgage originations of $44 billion.
Wells Fargo is also the country's largest mortgage servicer with portfolio size of $1.645 trillion. Chase is the nation's second largest residential mortgage lender. It services over 7 million mortgage and home equity loans and serves over 21 million households with consumer banking relationships. During the first quarter 2016, Chase's residential loan production reached $22.4 billion and total mortgage servicing portfolio decreased to $898.7 billion. Quicken Loans, a nonbank lender headquartered in Detroit, is America’s largest online retail mortgage lender. It is also the highest in customer satisfaction in the U.S. for Primary Mortgage Origination according to J.D. Power.
|Rank||Mortgage Lender||Mortgage originations ($b), Q1 2016|
|5||Bank of America||$16.5|
Source: Financial Reports
|Rank||Mortgage Lender||Mortgage originations ($b), FY 2015||Market share|
|1||Wells Fargo||$213 billion||13%|
|3||Quicken Loans||$79 billion||4.7%|
|4||U.S. Bank||$71 billion||4.2%|
|5||Bank of America||$70 billion||4.2%|
|Rank||Mortgage Lender||Servicing Portfolio ($b), FY 2015|
|3||Bank of America||$565|
|Rank||Lender||Mortgage loan originations ($b), Q4 2015|
|6||PennyMac Mortgage Investment Trust||$11|