recruiterchuckcowan

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