Top 10 Mortgage Origination Companies First Quarter 2018
Top 10 Total Closed Mortgage Originations by Companies
Totals/Percentages: Purchase/Refinance/Modifications
First Quarter 2018 (January 1 thru March 31)
Totals Includes Retail (Traditional & Consumer Direct) and
Third Party (Wholesale and Correspondent)
1. Wells Fargo Bank NA
Total Originations: $38,220,126,059
Purchases: $23,459,543,766 (61.39%)
Refinances: $13,254,292,293 (34.68%)
Loan Modifications: $1,506,290,000 (3.93%)
2. Quicken Loans Inc.
Total Originations: $19,425,552,942
Purchases: $5,036,405,755 (25.93%)
Refinances: $14,328,731,187 (73.76%)
Loan Modifications: $60,416,000 (0.31%)
3. PennyMac Loan Services LLC
Total Originations: $15,049,772,698
Purchases: $10,108,370,261 (67.17%)
Refinances: $4,504,429,437 (29.93%)
Loan Modifications: $436,973,000 (2.90%)
4. Caliber Home Loans Inc.
Total Originations: $9,145,844,571
Purchases: $6,226,659,358 (68.08%)
Refinances: $2,877,401,213 (31.46%)
Loan Modifications: $41,784,000 (0.46%)
5. JPMorgan Chase Bank NA
Total Originations: $9,131,663,311
Purchases: $4,587,678,289 (50.24%)
Refinances: $3,840,671,022 (42.06%)
Loan Modifications: $703,314,000 (7.70%)
6. US Bank NA
Total Originations: $8,342,769,335
Purchases: $5,768,827,769 (69.15%)
Refinances: $2,395,457,566 (28.71%)
Loan Modifications: $178,484,000 (2.14%)
7. AmeriHome Mortgage Company LLC
Total Originations: $7,965,984,088
Purchases: $5,346,766,807 (67.12%)
Refinances: $2,596,695,281 (32.60%)
Loan Modifications: $22,522,000 (0.28%)
8. Freedom Mortgage Corporation
Total Originations: $7,784,653,712
Purchases: $3,828,927,321 (49.19%)
Refinances: $3,835,241,391 (49.27%)
Loan Modifications: $120,485,000 (1.54%)
9. United Shore Financial Services LLC
Total Originations: $7,517,539,897
Purchases: $3,979,286,151 (52.93%)
Refinances: $3,537,117,746 (47.05%)
Loan Modifications: $1,136,000 (0.02%)
10. loanDepot.com LLC
Total Originations: $7,428,721,838
Purchases: $2,435,044,859 (32.78%)
Refinances: $4,980,742,979 (67.05%)
Loan Modifications: $12,934,000 (0.17%)
Interesting to be noted is that 7 of the top 10 lenders (#’s 1,3,5,6,7,8, and 9) have 50% or higher of their total loan volume derived from third party lending and 2 of the top 10 lenders (#’s 2 and 10) have large consumer direct call centers that account for a large percentage of their overall total loan volume. I am also surprised by the low percentage of purchase loan volume that Quicken (25.93%) and loanDepot (32.78%) did in the first quarter of this year.
(This data was extracted from Thomson Reuters Secondary Mortgage Platform)
April 4, 2018 Posted by recruiterchuckcowan | Branch Manager, Coaching, Housing, Investments, Marketshare, Marketshare Growth, Mortgage, Mortgage Banking, Mortgage Banking Recruitment, Mortgage Branch Manager, Mortgage Company, Mortgage Loan Officer, Mortgage News, Mortgage Outlook, Mortgage Sales Recruiting, Real Estate, Sales Manager Training | business, economy, Housing, Real estate, Refinancing | 1 Comment
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