The 10 largest mortgage lenders in the U.S.
There’s a new No. 1 atop the list of the nation’s largest mortgage lenders.
In 2023 — the latest year for which data is available — United Wholesale Mortgage pushed past Rocket Mortgage, the champ and the biggest player in the field by a wide margin for several years, to claim the top spot in loan origination volume.
Elsewhere on the list, LoanDepot fell from third to 10th in the rankings, giving up its spot to Bank of America, while Wells Fargo and Chase Home Lending dropped from the top 10 altogether. Wells Fargo’s exit reflects its decision to scale back mortgage lending in 2023.
Why the dramatic shift? Mortgage rates kept rising in 2023, and loan volumes plummeted. That reality sparked a shakeup in the roster of the biggest and most active home-loan lenders.
The 10 largest mortgage lenders by originations
While more than 5,000 lenders originated mortgages in 2023, most of the activity is concentrated at the top: The 10 largest mortgage lenders accounted for nearly 21 percent of all U.S. home loans originated that year.
Below are the top 10 lenders by 2023 origination volume. This list is based on a Bankrate analysis of Home Mortgage Disclosure Act data, with an assist from ComplianceTech’s LendingPatterns.com.
- United Wholesale Mortgage
- Rocket Mortgage
- Bank of America
- Fairway Independent Mortgage
- CrossCountry Mortgage
- U.S. Bank
- Navy Federal Credit Union
- Citizens Bank
- PNC Bank
- LoanDepot
United Wholesale Mortgage
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- 2023 origination volume: 294,387 loans
- 2023 dollar volume: $108.5 billion
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- 2.1 out of 5 stars from Bankrate users
- Top 10 FHA and top 10 VA loan lender
- Above-average customer satisfaction rating for mortgage servicing by J.D. Power in 2024
Rocket Mortgage
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- 2023 origination volume: 288,558 loans
- 2023 dollar volume: $76.3 billion
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- 4.8 out of 5 stars from Bankrate users
- Highest customer satisfaction rating for mortgage servicing and above-average rating for mortgage origination by J.D. Power in 2024
Bank of America
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- 2023 origination volume: 91,846 loans
- 2023 dollar volume: $28.5 billion
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- Above-average customer satisfaction ratings for mortgage origination and servicing by J.D. Power in 2024
Fairway Independent Mortgage
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- 2023 origination volume: 86,334 loans
- 2023 dollar volume: $26.9 billion
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- 4.6 out of 5 stars from Bankrate users
- Top 10 FHA and VA loan lender
- Above-average customer satisfaction rating for mortgage origination by J.D. Power in 2024
CrossCountry Mortgage
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- 2023 origination volume: 83,452 loans
- 2023 dollar volume: $29.6 billion
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- 3.5 out of 5 stars from Bankrate users
- Top 10 FHA and VA loan lender
- Above-average customer satisfaction rating for mortgage servicing, but below-average rating for mortgage origination by J.D. Power in 2024
U.S. Bank
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- 2023 origination volume: 72,124 loans
- 2023 dollar volume: $25.7 billion
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- 1 out of 5 stars from Bankrate users
- Above-average customer satisfaction rating for mortgage servicing, but below-average rating for mortgage origination by J.D. Power in 2024
Navy Federal Credit Union
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- 2023 origination volume: 71,421 loans
- 2023 dollar volume: $14.8 billion
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- Navy Federal Credit Union is available to U.S. military and their families only.
Citizens Bank
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- 2023 origination volume: 67,520 loans
- 2023 dollar volume: $15.6 billion
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- 2.3 out of 5 stars from Bankrate users
- Above-average customer satisfaction rating for mortgage servicing, but below-average rating for mortgage origination by J.D. Power in 2024
PNC Bank
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- 2023 origination volume: 66,913 loans
- 2023 dollar volume: $19 billion
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- 4.4 out of 5 stars from Bankrate users
- Above-average customer satisfaction rating for mortgage servicing, but below-average rating for mortgage origination by J.D. Power in 2024
LoanDepot
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- 2023 origination volume: 65,388 loans
- 2023 dollar volume: $21.5 billion
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- 3.7 out of 5 stars from Bankrate users
- Top 10 FHA and VA loan lender
- Above-average customer satisfaction rating for mortgage servicing, but below-average rating for mortgage origination by J.D. Power in 2024
Bankrate user ratings as of March 2025
