Biggest Mortgage Lenders and Servicers

Press release from the issuing company

Tuesday, June 9th, 2015

Most of the 10-largest home lenders improved on their quarterly loan originations. But among the 10-biggest servicers, half saw their portfolios diminish.

An estimated $334 billion in mortgage were closed during the three months ended March 31. 

Compared to the final quarter of last year, industry-wide production ascended 11%.

The increase was more pronounced versus the first-quarter 2014, with a 36% year-over-year improvement turned in by lenders. 

Based on the Mortgage Daily First Quarter 2015 Mortgage Origination Survey and an analysis of financial data reported by publicly traded lenders, Wells Fargo was the biggest home lender again.

In fact, there was no change in standing among America's eight-biggest originators.  

All of the top-10 lenders grew their business from the prior quarter except U.S. Bank and PHH.

Originations
(billions)

 

Lender

Q1 
2015

U.S. Total

$334

Wells Fargo

$49

Chase

$25

Quicken

$19

BofA

$17

U.S. Bank

$14

Based on estimated market share, the top-10 lenders were responsible for almost half of all production during the first-quarter 2015.

Market Share

 

Lender

Share

Wells Fargo

15%

Chase

7%

Quicken

6%

BofA

5%

U.S. Bank

4%

First-quarter originations at Impac Mortgage soared 106% from the fourth-quarter 2014 -- the biggest quarter-over-quarter gain by lenders tracked by Mortgage Daily.

With a 16% drop between the fourth-quarter 2014 and the first-quarter 2015, Stonegate Mortgage saw the biggest decline. 

An estimated $9.9 trillion in mortgages were outstanding as of the first quarter.

Well Fargo was the biggest mortgage servicer in the country. 

There was no change in ranking among the 10-biggest servicers compared to the fourth-quarter 2014. But five of the top-10 servicers all saw a decline in the size of their servicing portfolios.

Servicing Portfolios as of March 31, 2015

(billions) 

 

Wells Fargo

$1,718

Chase

$924

BofA

$669

Nationstar

$390

Ocwen Financial Corp.

$382

Full Q1 2015 report (complimentary for reporters):
http://www.MortgageDaily.com/stories/BiggestLenders060815.asp?spcode=pr