Top Mortgage Lenders

Below is a list of the top 5 and top 10 largest mortgage lenders in the United States. With a market share of approximately 13%, Wells Fargo is the largest and best mortgage lender in America.

The company reported mortgage loans of $249 billion in 2016 and $44 billion for the first quarter of 2017. It is also the U.S. largest mortgage servicer with total managed servicing portfolio of $2.179 trillion, of which residential mortgage servicing of $1.56 trillion and commercial mortgage servicing of $619 billion.

Chase is the second largest residential mortgage lender in the United States. With about 8 million mortgage and home equity loans, it serves more than 20 million households with consumer banking relationships. During 2016, Chase's mortgage origination volume totaled $103.6 billion and mortgage servicing portfolio amounted to $847 billion.

Quicken Loans, a nonbank lender headquartered in Detroit, is the third largest company by mortgage originations as well as the largest online retail mortgage lender. The company’s total mortgage servicing portfolio was over $250 billion in March 2017. Quicken Loans is the highest in customer satisfaction for Primary Mortgage Origination according to J.D. Power. Overall, mortgage originations in the United States totaled approximately $1.9 trillion in 2016.

Rank Mortgage Lender Residential Mortgages, FY 2016 Market share
1 Wells Fargo $249 billion 13%
2 JP Morgan Chase $104 billion 5.50%
3 Quicken Loans $96.0 billion 4.70%
4 Bank of America $79.4 billion 4.20%
5 U.S. Bancorp $57.3 billion 2.80%

Lenders by Servicing Portfolio

Rank Mortgage Lender Servicing Portfolio, FY 2016
1 Wells Fargo $1,560 billion
2 JP Morgan Chase $847 billion
3 Bank of America $565 billion
4 Nationstar Mortgage LLC $484 billion
5 U.S. Bancorp $306 billion

Source: Financial Reports

Top 10 Best Mortgage Lenders

Below is a list of the top 10 mortgage lenders and best mortgage lenders in the United States. Wels Fargo reported $102 billion in first mortgage loans for the second half of 2015.

Rank Lender Mortgage originations (Q3-Q4, 2015)
1 Wells Fargo $102 billion
2 JP Morgan Chase $53 billion
3 Quicken Loans $39 billion
4 U.S. Bancorp $37 billion
5 Bank of America $34 billion
6 PHH Corp $19 billion
7 PennyMac Mortgage $16 billion
8 Citigroup $14 billion
9 Flagstar $14 billion
10 loanDepot $14 billion

Source: mortgagedaily.com