Top 10 US Mortgage Lenders by Origination Volume

Rocket Mortgage (formerly Quicken Loans) originated $127 billion in mortgages in 2023 — maintaining its #1 retail mortgage lender position for 12 consecutive years. Its fully digital mortgage process allows application-to-closing in as few as 8 days, and its mobile app handles the entire mortgage workflow including document upload, eSignature, and real-time status tracking. Rocket's 2025 AI underwriting engine reduced human review requirements by 60% while improving approval accuracy.

Rocket Mortgage

Pennymac holds $131 billion in mortgage servicing rights — one of the largest servicer portfolios in the US — and originated $79 billion in loans in 2024, making it the #3 overall lender. Its correspondent lending division (purchasing closed loans from community banks and credit unions) accounts for 70% of production volume. Pennymac's proprietary POWER+ platform processes servicing for 2.4 million borrowers and generates $1.2 billion annually in servicing income.

Pennymac

Wells Fargo originated $73 billion in home loans in 2024 after strategically pulling back from correspondent lending and FHA/VA channels to focus on profitable retail and jumbo segments. Despite significant market share reduction from its 2020 peak of $225 billion, Wells Fargo maintains its position as the largest bank mortgage lender, leveraging 4,900+ branch locations. Its Priority Mortgage program for existing banking customers offers 0.125% rate discounts.

Wells Fargo Home Lending

Chase Home Lending originated $51 billion in mortgages in 2024, leveraging JPMorgan Chase's 4,700+ branch network and 80 million consumer banking customers for cross-selling advantages. Chase's DreaMaker program offers 3% down payment loans with reduced mortgage insurance requirements for low-to-moderate income borrowers. Its Homebuyer Grant program provides $7,500 in assistance to first-generation homebuyers in majority-minority census tracts.

Chase Home Lending

Bank of America originated $43 billion in home loans in 2024, with its Affordable Loan Solution program — offering 3% down, no PMI, and no closing costs in targeted communities — being a standout product. BofA serves 67 million consumer clients, giving it enormous cross-sell potential for home equity and refinance products. Its 2025 AI mortgage assistant handles 85% of routine customer inquiries and pre-qualification requests without human intervention.

Bank of America Mortgage

loanDepot originated $43 billion in home loans in 2024 as the #2 non-bank retail lender, operating through 200+ retail branches and its digital mellohome platform. Its Vision 2025 restructuring reduced headcount by 6,000+ while achieving profitability by Q3 2025 — a key industry bellwether for independent mortgage bank viability. loanDepot's mello technology platform processes 3 million loan status updates daily for customers and loan officers.

loanDepot

Mr. Cooper holds the largest mortgage servicing portfolio in the US at $878 billion — servicing 4.3 million loans — making it a dominant force in the post-origination mortgage market. Its 2025 acquisition of Flagstar's $356 billion MSR portfolio cemented this position. Mr. Cooper's Pyro AI system reduced servicing cost per loan by $18 annually through automated payment processing, escrow management, and delinquency intervention.

Mr. Cooper

NewRez, which absorbed Caliber Home Loans in 2021, originated $39 billion in mortgages in 2024 and services $700 billion+ in loans through its Shellpoint Mortgage Servicing brand. It leads in non-QM (non-qualified mortgage) lending — offering bank statement loans, DSCR investor loans, and jumbo ARMs — capturing self-employed and real estate investor segments underserved by conforming lenders. NewRez processes 40,000+ non-QM loans annually.

NewRez (formerly Caliber Home Loans)

Guaranteed Rate originated $28 billion in mortgages in 2024 and operates 850+ branches across all 50 states, offering a digital mortgage platform that processes approvals in under an hour for qualifying borrowers. Its FlashClose program enables fully electronic closings in 10 minutes, and Guaranteed Rate's "The Digital Mortgage" app has 4.8 stars with 80,000+ reviews. The company is the official mortgage partner of the Chicago Bears and Chicago White Sox.

Guaranteed Rate

Rocket Mortgage (formerly Quicken Loans) originated $127 billion in mortgages in 2023 — maintaining its #1 retail mortgage lender position for 12 consecutive years. Its fully digital mortgage process allows application-to-closing in as few as 8 days, and its mobile app handles the entire mortgage workflow including document upload, eSignature, and real-time status tracking. Rocket's 2025 AI underwriting engine reduced human review requirements by 60% while improving approval accuracy.

Rocket Mortgage

Pennymac holds $131 billion in mortgage servicing rights — one of the largest servicer portfolios in the US — and originated $79 billion in loans in 2024, making it the #3 overall lender. Its correspondent lending division (purchasing closed loans from community banks and credit unions) accounts for 70% of production volume. Pennymac's proprietary POWER+ platform processes servicing for 2.4 million borrowers and generates $1.2 billion annually in servicing income.

Pennymac

Wells Fargo originated $73 billion in home loans in 2024 after strategically pulling back from correspondent lending and FHA/VA channels to focus on profitable retail and jumbo segments. Despite significant market share reduction from its 2020 peak of $225 billion, Wells Fargo maintains its position as the largest bank mortgage lender, leveraging 4,900+ branch locations. Its Priority Mortgage program for existing banking customers offers 0.125% rate discounts.

Wells Fargo Home Lending

Chase Home Lending originated $51 billion in mortgages in 2024, leveraging JPMorgan Chase's 4,700+ branch network and 80 million consumer banking customers for cross-selling advantages. Chase's DreaMaker program offers 3% down payment loans with reduced mortgage insurance requirements for low-to-moderate income borrowers. Its Homebuyer Grant program provides $7,500 in assistance to first-generation homebuyers in majority-minority census tracts.

Chase Home Lending

Bank of America originated $43 billion in home loans in 2024, with its Affordable Loan Solution program — offering 3% down, no PMI, and no closing costs in targeted communities — being a standout product. BofA serves 67 million consumer clients, giving it enormous cross-sell potential for home equity and refinance products. Its 2025 AI mortgage assistant handles 85% of routine customer inquiries and pre-qualification requests without human intervention.

Bank of America Mortgage

loanDepot originated $43 billion in home loans in 2024 as the #2 non-bank retail lender, operating through 200+ retail branches and its digital mellohome platform. Its Vision 2025 restructuring reduced headcount by 6,000+ while achieving profitability by Q3 2025 — a key industry bellwether for independent mortgage bank viability. loanDepot's mello technology platform processes 3 million loan status updates daily for customers and loan officers.

loanDepot

Mr. Cooper holds the largest mortgage servicing portfolio in the US at $878 billion — servicing 4.3 million loans — making it a dominant force in the post-origination mortgage market. Its 2025 acquisition of Flagstar's $356 billion MSR portfolio cemented this position. Mr. Cooper's Pyro AI system reduced servicing cost per loan by $18 annually through automated payment processing, escrow management, and delinquency intervention.

Mr. Cooper

NewRez, which absorbed Caliber Home Loans in 2021, originated $39 billion in mortgages in 2024 and services $700 billion+ in loans through its Shellpoint Mortgage Servicing brand. It leads in non-QM (non-qualified mortgage) lending — offering bank statement loans, DSCR investor loans, and jumbo ARMs — capturing self-employed and real estate investor segments underserved by conforming lenders. NewRez processes 40,000+ non-QM loans annually.

NewRez (formerly Caliber Home Loans)

Guaranteed Rate originated $28 billion in mortgages in 2024 and operates 850+ branches across all 50 states, offering a digital mortgage platform that processes approvals in under an hour for qualifying borrowers. Its FlashClose program enables fully electronic closings in 10 minutes, and Guaranteed Rate's "The Digital Mortgage" app has 4.8 stars with 80,000+ reviews. The company is the official mortgage partner of the Chicago Bears and Chicago White Sox.

Guaranteed Rate