The 10 Largest Mortgage Lenders

The U.S. residential mortgage market is the largest in the world, with over $15 trillion of outstanding debt. Nonbank lenders are dominating the mortgage market, with approximately 70% of all mortgages. Here is a list of the largest and best mortgage lenders in the United States by loan volume and number of mortgages.

1. Rocket Mortgage

Rocket Mortgage (formerly Quicken Loans) is the largest overall home mortgage lender as well as the largest online retail mortgage company in the United States. In 2022, Rocket closed $133 billion in mortgage volume. The company ranks #1 for client satisfaction nationwide, according to J.D. Power U.S. Mortgage Origination Satisfaction Study.

2. United Wholesale Mortgage

United Wholesale Mortgage (formerly United Shore Financial Services), based in Pontiac, Michigan, is the second largest mortgage originator and the largest wholesale lender in the US. The company doesn’t offer mortgages directly to consumers, it works only with independent mortgage brokers. UWH employs over 8,500 people and operates across all 50 states and the District of Columbia. In 2022, it reported loan origination volume of $127.3 billion.

3. PennyMac

PennyMac Financial, based in California, is the third largest mortgage lender in the United States. It focuses on the production and servicing of U.S. residential mortgage loans. For the year ended December 31, 2022, it reported loan production of $109 billion in UPB. The company provides 30-year and 15-year fixed-rate mortgages, FHA loans, jumbo loans, VA loans and ARM loans. PennyMac was founded in 2008 and today employs about 6,000 staff and has 14 locations including sales offices in Moorpark, Roseville, Pasadena, Sacramento (California), Plano, Texas; Eagan, Minnesota; Henderson, Nevada and Honolulu, Hawaii.

4. Wells Fargo

Wells Fargo & Company is the fourth largest U.S. mortgage lender. In 2022, it reported $108 billion in mortgage loan originations. Headquartered in San Francisco, California, Wells Fargo employs about 260,000 people and maintains more than 5,500 branches and 13,000 ATMs nationwide. As of April 20, 2023, the company had a market capitalization of $160 billion.

 Mortgage Loan Originations 2022 (Consumer banking)

5. JPMorgan Chase

JPMorgan Chase, based in New York, is the fifth largest mortgage lender in the United States. In 2022, the firmwide mortgage origination volume amounted to $81.8 billion and home lending origination volume was $65.4 billion. The Chase offers 15-year term and 30-year term mortgages, adjustable-rate mortgages (ARM), FHA mortgages (loans insured by the government), VA home loans (backed by the U.S. Department of Veterans Affairs), dreamaker mortgages and jumbo loans.

6. LoanDepot

LoanDepot (NYSE: LDI), headquartered in Southern California, was established in 2010 and is licensed in all 50 states. Today, it is one of the leading non-bank retail mortgage lenders in the nation. In 2022, the company made $54 billion of mortgage originations, with more than 156,000 loans originated.

7. Bank of America

Bank of America Corp reported the volume of mortgage originations of $54.36 billion in 2022.

8. First Republic Bank

First Republic Bank (NYSE: FRC) headquartered in San Francisco, primarily operates in California, New York, Massachusetts and Florida. FRC's mortgage origination volume was over $44 billion.

9. U.S. Bank

U.S. Bank, headquartered in Minneapolis, MN, is one of the ten largest banks in the United States by assets. In 2022, the company made $43 billion of mortgage originations.

10. Fairway Independent Mortgage

Fairway Independent Mortgage Corporation is licensed in all 50 states and has over 700 branches, 2,400 loan offices, 4,000 employees, 9,000 team members and more than 275,000 verified reviews. The company made $42 billion of mortgage originations.

Top Mortgage Lenders by mortgage originations

Below are the biggest mortgage companies in the United States ranked by mortgage originations.

Last updated May 16, 2025