When it comes to securing a mortgage, choosing the right lender can make all the difference. With so many options available, finding a reputable and reliable mortgage lender can seem like a daunting task. Fortunately, there are several large mortgage lenders in the United States that have earned a reputation for providing quality services and competitive rates to borrowers. In this blog post, we’ll take a closer look at who the largest mortgage lenders are in America.

Understanding the landscape of mortgage lending in the U.S. is useful for both prospective homebuyers and industry professionals. Knowing the top lenders can help borrowers identify and compare their options, while industry professionals can use the information to keep up with the latest trends and best practices. With so many lenders vying for your business, it’s essential to have up-to-date information on who the major players are and what they offer. From traditional banks to online lenders and credit unions, we’ll explore the top mortgage lenders in the country and examine their unique offerings, strengths, and weaknesses.

1. Wells Fargo

Wells Fargo is one of the largest and most recognizable mortgage lenders in the United States. With over 5,400 retail branches and approximately 13,000 ATMs, Wells Fargo has a significant presence in many communities across the country. In addition to its retail lending operations, Wells Fargo is also a major player in the mortgage servicing market, handling payments and customer service for millions of borrowers. While the bank has faced some challenges in recent years—most notably a scandal involving its retail banking operations in 2016—Wells Fargo remains a leading mortgage lender and a key player in the U.S. financial services industry. According to the National Mortgage News, Wells Fargo had the largest number of single-family mortgage originations in the third quarter of 2019, with a market share of 14.21%.

2. JP Morgan Chase

JP Morgan Chase is one of the largest mortgage lenders in the USA. The company has a long history and extensive experience in the banking industry, having been founded in 1799. Its mortgage lending arm, Chase Home Lending, offers a range of options including fixed-rate and adjustable-rate mortgages, FHA and VA loans, and jumbo loans. Customers can utilize a variety of online tools to help with the homebuying process, including mortgage calculators, preapproval applications, and educational resources. With a strong focus on customer service and satisfaction, JP Morgan Chase has earned a reputation as one of the most reliable and trustworthy mortgage lenders in the US market.

3. Quicken Loans

Quicken Loans is one of the largest mortgage lenders in the United States. Based in Detroit, Michigan, the company was founded in 1985 and has since grown to become a major player in the home loan industry. Quicken Loans offers a range of mortgage products, including conventional, FHA, VA, and USDA loans, as well as jumbo and adjustable-rate mortgages. The company prides itself on its innovative technology and streamlined application process, which it claims can provide borrowers with a pre-approval letter in as little as 8 minutes. In recent years, Quicken Loans has also received recognition for its workplace culture and employee satisfaction, earning a spot on Fortune’s “100 Best Companies to Work For” list in 2020.

4. Bank of America

Bank of America, founded in 1904 and headquartered in Charlotte, North Carolina, is one of the largest mortgage lenders in the United States. As of 2021, the bank had a mortgage loan portfolio worth $231.5 billion, making it the fourth largest lender in the country. Bank of America offers a wide range of mortgage products, including fixed-rate and adjustable-rate mortgages, jumbo loans, FHA loans, and VA loans. In addition to traditional mortgage lending, the bank also provides home equity lines of credit, refinancing, and reverse mortgages. With a network of over 4,000 branches and a robust online platform, Bank of America provides borrowers with convenient and flexible mortgage options to meet their individual needs.

5. US Bank

US Bank is one of the largest mortgage lenders in the USA. With over 3,000 branches in 28 states, US Bank offers a wide range of mortgage products including fixed-rate, adjustable-rate, FHA, VA, jumbo, and portfolio loans. In addition to their traditional mortgage offerings, US Bank provides online tools to help homeowners make informed decisions about refinancing, home equity loans and home equity lines of credit. With competitive rates and exceptional customer service, US Bank has earned a reputation as a trusted mortgage lender. As a result, it has secured a spot among the top five largest mortgage lenders in the USA.

6. Citi Bank

Citi Bank is one of the largest mortgage lenders in the USA, offering a range of mortgage products to suit the needs of different borrowers. The bank provides a variety of fixed-rate and adjustable-rate mortgage options, as well as government-backed loans such as FHA and VA loans. Citi Bank has a strong online presence and provides customers with an easy-to-use online application process, making it simple for borrowers to apply and manage their mortgage application process. In addition to traditional mortgage offerings, Citi Bank also provides jumbo loans for borrowers who require higher loan amounts. With a long-standing reputation for excellent customer service, competitive rates, and innovative technology, Citi Bank is a top choice for borrowers seeking a reliable and reputable mortgage lender.

7. Freedom Mortgage

Freedom Mortgage is one of the largest mortgage lenders in the United States, founded in 1990 with its headquarters in New Jersey. It is a full-service mortgage company that offers a wide range of products and services to residential homebuyers and homeowners. Freedom Mortgage provides both government-sponsored and conventional loans, including FHA, VA, USDA, and conventional loans. The company also provides refinancing options to help borrowers lower their monthly payments, shorten their loan term, or tap into their home’s equity. With over 25 years of experience, Freedom Mortgage has built a reputation for offering personalized service and competitive rates, earning numerous accolades such as being named in the Inc. 5000 list of fastest-growing private companies in America for eight consecutive years.

8. Guild Mortgage

Guild Mortgage is an established and respected mortgage provider in the United States. With over 60 years of experience in the industry, it has grown to become one of the largest and most successful mortgage lenders in the country. As of 2021, Guild Mortgage has over 250 branch locations across the USA, along with a team of highly experienced loan officers and processors who are committed to helping their clients realize their homeownership goals. The company offers a diverse range of loan products, including conventional, FHA, VA, and USDA loans, and prides itself on providing personalized service to each of its customers. Thanks to its strong track record of performance and customer satisfaction, Guild Mortgage has earned a reputation as a reliable and trustworthy mortgage lender in the US market.

9. SunTrust Mortgage

SunTrust Mortgage is one of the largest mortgage lenders in the USA, with a broad range of products and services to meet the needs of its customers. Founded in 1891, this institution has a rich history and a solid reputation for providing quality financial services. SunTrust Mortgage offers a diverse portfolio of mortgage products, including fixed and adjustable-rate loans, jumbo loans, government-backed loans like FHA and VA loans, and renovation loans. With convenient online tools and a team of experienced mortgage professionals, SunTrust Mortgage is committed to helping its customers make informed decisions about their mortgages and find the financing options that work best for their needs. As a subsidiary of SunTrust Banks Inc., SunTrust Mortgage is backed by the stability and resources of one of the nation’s largest and most trusted financial institutions.

10. PHH Mortgage

PHH Mortgage is a top-tier mortgage lender in the United States. With more than 30 years of experience in the industry, PHH Mortgage has established a reputation for providing excellent customer service and competitive rates to its clients. The company specializes in both home purchase and refinance loans, offering a wide range of mortgage products including conventional, FHA, VA, and jumbo loans. As one of the largest mortgage lenders in the country, PHH Mortgage has a vast network of mortgage professionals across the USA who can provide personalized solutions to meet the unique needs of each individual client. The company’s commitment to transparency, efficiency, and customer satisfaction has helped it earn numerous industry accolades and recognition over the years. PHH Mortgage remains a go-to option for those seeking a reliable, experienced, and trusted mortgage lender in the USA.

In conclusion, the mortgage lending industry in the USA has a number of key players, with Quicken Loans making a significant impact with the largest loan volumes in recent years. However, there are a number of other major players in the market, including Wells Fargo, Chase Bank, and Bank of America, each of which has its own unique strengths and areas of expertise. Overall, the large scale of the mortgage lending industry in the USA means that there are a multitude of options available to borrowers, with a variety of different rates, terms, and conditions to suit every type of borrower’s needs.