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Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.

Full Q1-2017 Report | Quarterly Originations by Lender | Mortgage Origination Statistics


Mortgage Daily Q1 2017 Biggest Lender Ranking

DALLAS -- (July 31, 2017) As home lending slowed in the first quarter of this year, credit unions took market share from non-bank originators. Just 10 lenders were responsible for nearly half of overall originations.

Mortgage bankers generated $353 billion in single-family loan originations during the period that started on Jan. 1, 2017, and concluded on March 31.

The total was based on an analysis of production data collected by Mortgage Daily for financial institutions and non-bank home lenders.

Volume slowed from the fourth-quarter 2016, when national mortgage originations worked out to $517 billion. There was little change, however, from the first quarter of last year, when the total was $354 billion.

Activity during the first-three months of this year consisted of $152 billion in mortgages originated by banks, $38 billion generated by credit unions and $163 billion that came from non-bank home lenders.

That put banks' share of the mortgage market at 43 percent, slightly broader than 43 percent in the first-quarter 2016.

Credit union market share widened to 11 percent in the first quarter of this year from 9 percent. Credit unions stole market share from non-bank originators, where the share thinned to 46 percent from 48 percent a year earlier.

The top-10 lenders were responsible for approximately 47 percent of first-quarter 2017 originations.

Data on the nation's biggest mortgage originators is maintained by Mortgage Daily, which obtained the metrics from quarterly reports for publicly traded companies and from its First Quarter 2017 Mortgage Origination Survey.

Among home lenders, Wells Fargo maintained its standing as the biggest U.S. mortgage originator.

Bank of America wrestled the fourth position away from PennyMac, which held it in the final quarter of last year.

Originations By Lender (billions)
Lender Q1 2017
Wells Fargo $44
Chase $26
Quicken Loans $19
BofA $15
US Bank $15

Originations at Huntington Bank increased 19 percent between the fourth-quarter 2016 and first-quarter 2017 -- the only company with a quarter-over-quarter gain among all the nearly 50 companies tracked by Mortgage Daily.

The biggest quarter-over-quarter decline was at Impac Mortgage: 49 percent.

The biggest share of outstanding loans was serviced by Wells Fargo: $1.5 trillion.

Citi, which announced plans to dramatically reduce its mortgage servicing operation, is no longer among the 10-biggest servicers.

Servicing Portfolios as of March 31, 2017 (billions)
Wells Fargo $1,539
Chase $836
BofA $554
Nationstar Mortgage $470
US Bank $308

Full Q1 2017 report (complimentary for reporters):

Quarterly mortgage production by lenders:

Mortgage origination news at:

About Mortgage Daily
Founded in 1998 by 20-year mortgage industry veteran Sam Garcia, Mortgage Daily is a leading online source of mortgage news and mortgage statistics for the mortgage industry. Visit Mortgage Daily at


Source: Mortgage Daily

Full Q1-2017 Report | Quarterly Originations by Lender | Mortgage Origination Statistics

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