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
About Chuck Cowan and CCowan and Associates
CCowan & Associates is a relationship based recruiting firm specializing in the Mortgage, Banking, and Financial Services industries. We bring over 100 years of combined consulting experience to a broad spectrum of clients, ranging from medium and regional-sized companies to the largest, best, and brightest of the Fortune 100. CCowan & Associates owns a reputation for bringing “High Impact Players” to our clients. Our placements have driven billions in funded production volume and millions in profit to bottom lines. Additionaly, partnering with best-in-class organizations has provided a preferred first choice destination for top performers. This has resulted in a tremendous increase to the Value Proposition our partners have taken to the market. Our firm offers a full suite of customized, fee-based recruitment services. If your company mission is to achieve sustainable, profitable results then CCowan & Associates wants to be your results-driven recruiting partner.
For organizations wishing to adopt a more self-sufficient recruitment strategy, CCowan also delivers the expertise, experience, and curriculum to individually train recruiting managers to build their own teams successfully and autonomously. CCowan & Associates has expanded our menu of services to include individualized coaching and training for Branch, Area, and Regional Managers. This cost-effective, high value strategic partnership achieves an exceptionally better quality of hire, resulting in increased production. It has also enhanced both management and subordinate retention rates. The “Identify, Underwrite, Recruit, Hire and Retain” CCowan behavioral model becomes a part of our clients’ cultural fabric.
More
Top Posts & Pages
- A GENERATIONAL OPPORTUNITY TO MAKE A CAREER MOVE IN MORTGAGE BANKING ORIGINATIONS?
- What exactly does being different and adapting to the new mortgage buying environment look like for the loan officer in the future?
- Top 10 Mortgage Origination Companies First Quarter 2018
- Loan Officer Recruiting Should Not Be Modeled After A Recycling Plant
- Moving Forward
- Where American Incomes (and House Prices) Have Peaked ... And Faltered
- Nevada Home Prices Remain 37% Below Bubble Peak -- Houston, Riverside and Dallas Lead In YoY Gains
- Mortgage Purchase Applications Flat, Refi Application Rise 11%, Bank Of America Shows Increases In Mortgage Originations
- Richmond Fed's Lacker And The Fed’s Mortgage Favoritism (Not Helping Mortgage Purchase Applications, Only Investors)
- Last Time this Happened, the Housing Market Crashed
-
Chuck’s Recent Posts
- A GENERATIONAL OPPORTUNITY TO MAKE A CAREER MOVE IN MORTGAGE BANKING ORIGINATIONS?
- What exactly does being different and adapting to the new mortgage buying environment look like for the loan officer in the future?
- Top 10 Mortgage Origination Companies First Quarter 2018
- Loan Officer Recruiting Should Not Be Modeled After A Recycling Plant
- Moving Forward
- Where American Incomes (and House Prices) Have Peaked … And Faltered
- Nevada Home Prices Remain 37% Below Bubble Peak — Houston, Riverside and Dallas Lead In YoY Gains
- Mortgage Purchase Applications Flat, Refi Application Rise 11%, Bank Of America Shows Increases In Mortgage Originations
- Richmond Fed’s Lacker And The Fed’s Mortgage Favoritism (Not Helping Mortgage Purchase Applications, Only Investors)
- Last Time this Happened, the Housing Market Crashed
-
Posts Archives
Chuck’s Mortgage News
- RT @carlquintanilla: Here we go. Tougher sledding ahead. @WSJ #FOMC wsj.com/articles/u-n-c… https://t.co/hX5vjBwHPE 17 hours ago
- RT @conorsen: For most of our careers cheap credit has been the main driver of economic growth and it will take some time getting used to a… 1 week ago
- RT @SJosephBurns: The U.S. dollar is now the world's stablecoin. 1 week ago
- RT @KeithMcCullough: Powell's hair looks like he put it in #Quad4 Recession Socket 1 week ago
- RT @michaellebowitz: The Fed cannot afford to get inflation wrong. They will continue to "Whac A Dove" all bullish narratives. https://t.c… 1 week ago
National Mortgage News- Clarifire, IndiSoft loop HUD counselors in on loss mitigation October 3, 2022
- UWM rollouts include title policy alternative product October 3, 2022
- Two top Rocket executives retiring October 3, 2022
- Why Ginnie Mae's capital rules have remained a sticking point for some October 3, 2022
- HousingWire- Mortgae News
- An error has occurred; the feed is probably down. Try again later.
- Mortgage Daily
- Homepage-21-9 September 21, 2022
- Commercial Mortgages Top $3 Trillion August 17, 2022
- Commercial Mortgage News August 17, 2022
recruiterchuckcowan 