5 Biggest Mortgage Originators in America

When it comes to mortgage lending, there's one bank that dominates the rest.

As you can see in the chart above, Wells Fargo (NYSE: WFC  ) outperformed the next largest mortgage originator JPMorgan Chase (NYSE: JPM  ) by more than a factor of two in the second quarter. For the three months ended June 30, the former underwrote a staggering $112 billion in home loans, marking the seventh consecutive quarter of $100-billion-plus in mortgage originations -- to read why this remarkable run will come to an end this quarter, click here.

Moving down the list, third largest originator Bank of America (NYSE: BAC  ) turned in the best performance in terms of growth, increasing its originations by 11.7% over the first quarter. At one time, the North Carolina-based lending giant was at the top of the heap. But over the last few years, it's had to abandon both its correspondent and wholesale channels, which, at one time, accounted for the majority of its volume.

On the other side of the equation, the more reasonably sized stalwart U.S. Bancorp (NYSE: USB  ) saw its originations fall by 18%, due in large part to the dramatic surge in interest rates at the end of May. Despite this performance, U.S. Bancorp continues to be one of the best-run banks in America -- click here to learn the two main reasons why.

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  • Report this Comment On September 15, 2013, at 12:36 PM, kogified wrote:

    i worked for PHH US Mortgage when it was still called that name in the late 80's during refi boom #1, just before interest rates went from 11 or 12% to 3%...we worked a boatload of hours in every single department...here's the thing I took away from that experience..... when I moved from originations to servicing in the foreclosure department. YOU BETTER HOPE someone pays attention to what they are doing when your original papers are drawn up. Or it can & will co$t you dearly. buyer beware.

  • Report this Comment On September 15, 2013, at 4:07 PM, captaintodzilla wrote:

    "If there isn't justice for the people... let there be no peace for the government..." Doing the same thing over and over is insane. Fix America First. Prioritize , a good example is the best teacher. Recycle America. Create Accountability. Build a new Society before retiring the old decrepit one we have now. Build a new Government before retiring the old decrepit one we have now. Build a new Economy before retiring the old decrepit one we have now. Build a new Educational System before retiring the old decrepit one we have now. Build a new Judicial System before retiring the old decrepit one we have now. build new bridges and a new electrical grid ,prioritize people family and children ......turn things around......provide jobs completing the above task.....take the elites jobs and money they have done it to the working class. build a good foundation then rebuild. reinstate common sense. create accountability. and most of all treat our cancers greed , ignorance and self-entitlement. exile our prisoners and bring back labor camps so our prisoners make us money or at least don't cost us any. secure our borders . invest in our children and education more than politics. I would use morals and common sense good leadership and with gods help I would do it with the strength of the people of the USA. I would arrest thief's and thugs not granny's smoking weed.(meaning prioritize) there are so many simple solutions to our problems but so many master debaters. GREED IGNORANCE AND SELF-ENTITLEMENT ARE THE CANCERS KILLING OUR SOCIETY all the other #$%$ slewn by the media and politicians and churches are the things they use to keep your attention elsewhere like a magicians slight of hand while you focus on their shenanigans your children and your children's children are being exploited for the 1%'s benefit because our society works well for them and they can afford to keep it that way. if they want change FIX AMERICA FIRST. its simple to do for the rich. get a Honest President to declare ww3 so they cant get rid of him before his changes take hold. go to war against GREED , IGNORANCE, SELF-ENTITLEMENT, AND POLITICAL CORRECTNESS send our prisoners off to countries were at war with not our children. use our military as a border. change the charity margins so 70% goes to the charity and 30% go to the fundraisers (opposite of how it is now) invest in our children more than our prisoners. make all public office wages same as minimum wage. cap profit margins in America I don't like paying for the mistakes of others. gas prices went up after the bp oil spill because they wanted to recover their losses. our society runs the way it does because it is designed that way for the rich by the rich. their are many common sense simple ways to change things to make a better world to live in. legalize marijuana god made it man banned it, the rich cotton farmers were afraid of the hemp industry would make them poor. legalize prostitution maybe less children will get abducted. until we can prioritize correctly , have accountability , and worry about the American instead of the American dollar things will remain perverted. Anyone can find fault -- it's not a sign of anything other than moderate brain activity. It's much harder to offer creative criticism that actually improves the situation for everyone involved UNITED we stand divided we fall...there is only one race the HUMAN RACE all the divisions of political parties and skin color have demoralized this country into a sewage plant of lying stealing ignorant greedy self-entitled hypocritical idiots the government has had too much money power and time with too little results actions speak louder than words. vote Todd Higgins for president I would use common sense and high morals.

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7/24/2014 4:02 PM
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