Top Mortgage Lenders

Below is a list of the top 10 mortgage lenders in the United States. With a market share of over 15%, Wells Fargo is the largest mortgage originator in America.

It reported residential mortgage loan originations of $59 billion in the third quarter of 2017 and $249 billion in 2016. Wells Fargo is also the U.S. largest mortgage servicer with total residential servicing of $1.566 trillion as of September 30, 2017. Chase is the second largest mortgage lender in the United States. The company’s mortgage origination volume totaled $103.6 billion and mortgage servicing portfolio amounted to $847 billion in 2016. 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. Quicken is the highest in customer satisfaction for Primary Mortgage Origination according to J.D. Power. Overall, mortgage originations in the United States totaled approximately $2 trillion.

Rank Mortgage Lender Origination volume, FY 2016
1 Wells Fargo $249 B
2 JP Morgan Chase $104 B
3 Quicken Loans $96.0 B
4 Bank of America $79.4 B
5 U.S. Bancorp $57.3 B
6 Freedom Mortgage Corp $53.6 B
7 Caliber Home Loans $40.6 B
8 loanDepot $38.1 B
9 Flagstar Bank $32.0 B
10 United Wholesale Mortgage $23.0 B
11 Guaranteed Rate Inc $22.9 B

Lenders by Servicing Portfolio

Rank Mortgage Lender Servicing Portfolio, Q1 2017
1 Wells Fargo $1,543 B
2 JP Morgan Chase $836 B
3 Bank of America $554 B
4 Nationstar Mortgage $470 B
5 U.S. Bancorp $308 B

Source: Financial Reports