HousingWireHousingWire
United Wholesale Mortgage remained king of the hill when it came to mortgage originations in 2024. The Michigan-based wholesale powerhouse funded $139.8 billion in mortgages, according to recently released Home Mortgage Disclosure Act (HMDA) data from the Consumer Financial Protection Bureau (CFPB).
Mortgage and real estate analytics firm InGenius broke down the data at HousingWire’s request. The data shows that UWM vastly outpaced rivals in 2024. The lender claimed roughly 6% marketshare in 2024 (for a growth rate of 24.4%) with nearly $140 billion spread across 366,000 loans.
Rocket Mortgage originated $97 billion, per HMDA data, and ranked second in the 2024 rankings. Rocket originated nearly as many loans as UWM at 361,000, and claimed a 25.1% growth rate.
Depository banks JPMorgan Chase and Wells Fargo made the top five, while Cleveland-based retail lender CrossCountry Mortgage continued its upward trajectory and was No. 4 in the 2024 HMDA rankings. CCM produced $39.4 billion in origination volume from 102,000 loans.
DHI Mortgage, the lending arm of homebuilder D.R. Horton, originated 71,000 mortgages worth $24 billion. Lennar Mortgage also made the top 25 with 56,000 mortgages totaling $20 billion in volume. A smattering of depository banks (Bank of America, Citibank, PNC Bank, Citizens Bank, Morgan Stanley) and one credit union (Navy Federal) made the list this year.
But mostly, independent mortgage banks dominated the list. Besides UWM, Rocket and CCM, Rate, loanDepot, Fairway Independent Mortgage, Veterans United, Guild Mortgage Company, CMG Financial, Movement Mortgage, Pennymac, and Freedom Mortgage all made the top 25.
Check out the full list of the top mortgage lenders of 2024 below.
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