Rocket Mortgage originated $97 billion, per HMDA data, and ranked second in the 2024 rankings. Rocket originated nearly as many loans as UWM at 361,000, and claimed a 25.1% growth rate.
Depository banks JPMorgan Chase and Wells Fargo made the top five, while Cleveland-based retail lender CrossCountry Mortgage continued its upward trajectory and was No. 4 in the 2024 HMDA rankings. CCM produced $39.4 billion in origination volume from 102,000 loans.
DHI Mortgage, the lending arm of homebuilder D.R. Horton, originated 71,000 mortgages worth $24 billion. Lennar Mortgage also made the top 25 with 56,000 mortgages totaling $20 billion in volume. A smattering of depository banks (Bank of America, Citibank, PNC Bank, Citizens Bank, Morgan Stanley) and one credit union (Navy Federal) made the list this year.
But mostly, independent mortgage banks dominated the list. Besides UWM, Rocket and CCM, Rate, loanDepot, Fairway Independent Mortgage, Veterans United, Guild Mortgage Company, CMG Financial, Movement Mortgage, Pennymac, and Freedom Mortgage all made the top 25.
Check out the full list of the top mortgage lenders of 2024 below.