Supatman
UWM Holdings (UWMC) emerged as the top mortgage lender of 2024, originating $139.72B in funded mortgage loans, a recent report by S&P Global Market Intelligence said.
The report considers information from the Home Mortgage Disclosure Act.
Rocket Mortgage, formerly Quicken Loans, was reportedly the second-biggest mortgage originator, with $97.56B of funded loans originated last year.
JPMorgan Chase (JPM) followed, with $50.65B of funded loans originated. The New York-based lender was the top mortgage originator among commercial banks, according to Market Intelligence.
Other top mortgage originators include:
- CrossCountry Mortgage – $39.44B of funded loans
- Wells Fargo & Company (WFC) – $38.38B of funded loans
- U.S. Bancorp (USB) – $30.02B of funded loans
- Bank of America (BAC) – $29.97B of funded loans
- Guaranteed Rate – $24.65B of funded loans
- DHI Mortgage (DHI) – $24.00B of funded loans
- loanDepot (LDI) – $23.84B of funded loans
Nonbanks continued to expand their mortgage lending market share during the year, while commercial banks continued to lose ground, the report noted.