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Below is a list of the top 10 mortgage lenders and best mortgage companies in the US, based on data from mortgagestats.com. With market share of about 29%, Wells Fargo is the largest mortgage lender in the United States. Wells Fargo also remained the country's biggest mortgage servicer with an estimated portfolio size of $1.9 trillion. A mortgage lender is the term used to describe companies, institutions and organizations who loan money to people for the purchase of real estate. These include banks, credit unions, trust companies, life insurance companies or private companies that lend money to buy land, houses and other real estate.
The Top five list
| Rank |
Mortgage Lender |
Lending volume Q1 - Q4, 2012 |
Market share |
| 1 |
Wells Fargo |
$524.0 billion |
28.8% |
| 2 |
J.P. Morgan Chase |
$182.2 billion |
10.0% |
| 3 |
U.S. Bank |
$84.5 billion |
4.6% |
| 4 |
Bank of America |
$78.7 billion |
4.3% |
| 5 |
Quicken Loans |
$70.0 billion |
3.8% |
The Top 10 list
| Rank |
Mortgage Lender |
Lending volume
Q1 2010 |
Change
from 2009 |
Market share |
| 1 |
Wells Fargo |
$77.0 billion |
-25% |
23.90% |
| 2 |
Bank of America |
$71.5 billion |
-20% |
22.19% |
| 3 |
Chase |
$32.8 billion |
-16% |
10.16% |
| 4 |
Ally Bank/ResCap (GMAC) |
$13.0 billion |
-2% |
4.02% |
| 5 |
CitiMortgage |
$11.0 billion |
-55% |
3.43% |
| 6 |
U.S. Bank Home Mortgage |
$9.0 billion |
-33% |
2.78% |
| 7 |
PHH Mortgage |
$7.8 billion |
-12% |
2.43% |
| 8 |
SunTrust Bank |
$5.6 billion |
-58% |
1.75% |
| 9 |
Provident Funding Associates |
$5.3 billion |
-52% |
1.65% |
| 10 |
Branch Banking & Trust Company |
$5.2 billion |
-33% |
1.60% |
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