Just like the year before, United Wholesale Mortagon (UWM) was the top mortgage loan in 2024.
It marked their second year as the top dog and beat their Crosstown Rival Rocket Mortgage again.
Rocket had been No. 1 in the country since 2018 before being made his lead to UWM, who only works with mortgage brokers.
And it wasn’t very close last year either, with UWM, which stems from nearly $ 140 billion and rocket -patterned about $ 92 billion.
Read on to see who otherwise broke the top-10 list in general as well as in categories such as home purchasing loans and refinancing loans.
The largest mortgage lenders in 2024 (overall)
| Ranking | Company name | 2024 Loan volume |
| 1. | United wholesale mortgage | $ 137.8 billion |
| 2. | Rocket mortgage loan | $ 92.2 billion |
| 3. | CrossCountry | $ 39.3 billion |
| 4. | Hunt | $ 37.5 billion |
| 5. | US Bank | $ 26.0 billion |
| 6. | Rate | $ 24.3 billion |
| 7. | DHI MORTGAGE | $ 24.0 billion |
| 8. | Fairway Independent | $ 23.6 billion |
| 9. | Bank of America | $ 23.3 billion |
| 10. | Veterans United | $ 23.2 billion |
More than 4,600 banks, direct lenders, wholesalers and credit unions come from nearly $ 1.3 trillion dollars in home loans last year.
As noted, UWM took # 1 again, as they did in 2023, and responded to the previous year, with a wide margin.
It was not very close and was never really in doubt, with the Pontiac, Michigan-based wholesale loans, which stem from approx. $ 140 billion, per Recently released HMDA data.
Rival Rocket Mortgage was only able to stem about $ 92 billion per day. Tall prepared by Richey May.
Note that these figures are collected loan volume and only include priority loans that are directly derived from retail, consumer direct or wholesale channels.
They do not include the purchase of correspondent loans, a space dominated by Pennymac, Freedom Mortgage and Amerihome, Newrez and Logan Finance.
Coming in the third overall was crosscountry mortgage, which has also made big waves in the mortgage loan industry.
The Cleveland-based lender grew through its partnership with the now closed Costco priority program.
Taking the fourth place was Chase that turned off the Jumbo lender First Republic in 2023, and Minneapolis-based US Bank.
The rest of the best included guaranteed rate (now known simply as a rate), DHI mortgage loan, Fairway Independent Mortgage, Bank of America and Veterans United Housing Loan.
Top Home -By -Purchasers in 2024
| Ranking | Company name | 2024 Loan volume |
| 1. | United wholesale mortgage | $ 96.3 billion |
| 2. | Rocket mortgage loan | $ 50.0 billion |
| 3. | CrossCountry | $ 33.9 billion |
| 4. | Hunt | $ 29.1 billion |
| 5. | DHI MORTGAGE | $ 24.0 billion |
| 6. | Fairway Independent | 21.5 billion dollars |
| 7. | Rate | $ 21.0 billion |
| 8. | Guild Mortgage Loans | $ 20.3 billion |
| 9. | Lennar mortgage | $ 20.0 billion |
| 10. | US Bank | $ 19.6 billion |
If we simply focus on home purchasing loans, which seized a massive 78% share of the total mortgage volume last year, UWM was again tops with $ 96 billion funded.
Again, very impressive because they only work with mortgage brokers and have no retail operations.
However, they run MortGage Matchup, which is a consumer -facing mortgage broker to have homeowners matched with a broker.
On the second, Rocket was about $ 50 billion, which may explain why they acquire Redphin to hang more buying of lending business.
In fact, their deficit in the Purchase Loan category is the reason why UWM jumped them in recent years, despite being refinancing specialists.
In the third, crosscountry was mortgage, followed by Chase, and then DHI Mortgage, which is the trapped lender for the country’s top housing builder, Dr. Horton.
Lately, the residential builders originated in a wealth of mortgage loans because new buildings have taken a larger market share in the home purchase market due to the defect in stock.
And the residential builder’s lender has been difficult to beat because they offer large mortgage loans that other lenders simply cannot compete with.
The rest of the top purchase providers included the Fairway Independent Mortgage, Rate, Guild Mortgage, Lennar Mortgage (another builder) and US Bank.
Top loan lenders from 2024
| Ranking | Company name | 2024 Loan volume |
| 1. | United wholesale mortgage | $ 41.6 billion |
| 2. | Rocket mortgage loan | $ 39.8 billion |
| 3. | Freedom mortgage | 11.7 billion dollars |
| 4. | Pennymac | 8.8 billion dollars |
| 5. | Loandepot | 6.6 billion dollars |
| 6. | Hunt | 6.6 billion dollars |
| 7. | US Bank | $ 5.8 billion |
| 8. | Newrez | $ 5.4 billion |
| 9. | Mr. Cooper | $ 5.0 billion |
| 10. | CrossCountry | $ 5.0 billion |
Now let’s check out the top refinancing providers from 2024, who have fought too late because mortgage rates are no longer super cheap.
Still, they mustered about $ 370 billion in refinancing loans during the year thanks to both payment financing and a Uptick in the rate and term refinancing loans when the rates fell around August and September.
Somewhat surprisingly, UWM also beat rocket in this category, though hardly $ 42 billion against $ 40 billion.
And Rocket closed much more refinancing loans with 147,000 units compared to UWMS gathered 108,000 in total.
FREEDOM MORTGAGE, specialized in Refis of FHA loans and VA loans, came in third place with $ 11.7 billion funded.
They were followed by Pennymac (correspondent leader) and Loandepot, which is a major household name and greater sponsor of Major League Baseball (MLB).
Others in the top ten included Chase, US Bank, Newrez, Mr. Cooper (soon owned by Rocket) and crosscountry mortgage.
So this should make it clear why Rocket acquires Mr. Cooper. To stem from multiple refinancing and take their lead back into this category.
Their other acquisition of Redfin is expected to strengthen their home purchase lending. Overall, they must return to # 1 unless UWM pulls off something spectacular.
But I would not expect Rocket to regain their crown until the year 2026, as these acquisitions are still pending and not closing for some time.
(Photo: Marcin Wichary)
