Nonbanks with the biggest annual change in funded mortgage loans

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The top five nonbank mortgage originators with the biggest change in funded loans had an average of more than $3.5 billion in funded loans. Between 2022 and 2023 they saw an average change of 139.08%. 

Read more about the nonbank mortgage originators with the largest change in funded loans in 2023.

Source: S&P

Nonbank mortgage originators with the largest change in funded loans

Market Share rank Company (top-level ticker) Funded loans Funded loans YOY change Loan approval rate Loan approval rate YOY change (pps) Market share
203 Loan Store LLC $1,465,500,000 21.83 64.10% 37.3 0.08%
274 Logan Finance Corp. $980,200,000 255.40% 45.60% 3.3 0.06%
107 Luminate Home Loans Inc. $2,784,500,000 229.70% 70.50% 0.8 0.16%
23 JLL Real Estate Capital LLC $11,777,200,000 180.50% 86.80% 6.6 0.66%
404 EMET Lending Group Inc. $630,100,000 159.90% 83.20% 15.4 0.04%
220 OriginPoint LLC $1,315,600,000 136.90% 61.60% 2.6 0.07%
422 Primis Mortgage Co. $583,400,000 106.40% 70.80% -3.8 0.03%
324 American Heritage Lending LLC $805,400,000 101.30% 49.30% -11 0.05%
70 Century Mortgage Co. $3,589,800,000 79.90% 59.30% -4.9 0.20%
87 Lument Real Estate Capital LLC $3,176,400,000 78.60% 69.90% -12 0.0018
75 Caliber Home Loans Inc. $3,535,100,000 -88.00% 69.00% 15.3 0.002
420 Cherry Creek Mortgage LLC $597,700,000 -85.20% 66.60% -1.3 0.03%
406 Spring EQ LLC $628,200,000 -77.10% 26.90% -0.8 0.04%
333 American Financing Corp. $787,500,000 -75.40% 19.30% -7.8 0.04%
144 Better Home & Finance Holding Co. $1,988,300,000 -74.70% 40.80% -6.3 0.11%
67 AmeriSave Mortgage Corp. $3,662,700,000 -71.80% 15.70% -9 0.21%
42 Nationstar Mortgage LLC  $6,078,300,000 -66.50% 44.50% -5.8 0.34%
64 HomeBridge Financial Services Inc. $3,964,800,000 -65.80% 54.50% -13 0.22%
304 PHH Mortgage Corp. $875,800,000 -64.20% 7.60% -5.2 0.05%
222 Angel Oak Mortgage Solutions LLC $1,309,800,000 -61.30% 46.20% -11.8 0.07%
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Angel Oak Mortgage Solutions LLC ranked 20th with an annual change in funded loans of -61.30%.
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PHH Mortgage Corp. ranked 19th with an annual change in funded loans of -64.20%.
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HomeBridge Financial Services Inc. ranked 18th with an annual change in funded loans of -65.80%.
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Nationstar Mortgage LLC ranked 17th with an annual change in funded loans of -66.50%.
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AmeriSave Mortgage Corp. ranked 16th with an annual change in funded loans of -71.80%.
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Better Home & Finance Holding Co. ranked 15th with an annual change in funded loans of -74.70%.
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American Financing Corp. ranked 14th with an annual change in funded loans of -75.40%.
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Spring EQ LLC ranked 13th with an annual change in funded loans of -77.10%.
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Cherry Creek Mortgage LLC ranked 12th with an annual change in funded loans of -85.20%.
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Lument Real Estate Capital LLC ranked 11th with an annual change in funded loans of 78.60%.
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Lument Real Estate Capital LLC ranked 10th with an annual change in funded loans of 78.60%.
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Century Mortgage Co. ranked 9th with an annual change in funded loans of 79.90%.
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American Heritage Lending LLC ranked 8th with an annual change in funded loans of 101.30%.
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Primis Mortgage Co. ranked 7th with an annual change in funded loans of 106.40%.
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OriginPoint LLC ranked 6th with an annual change in funded loans of 136.90%.
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EMET Lending Group Inc. ranked 5th with an annual change in funded loans of 159.90%.
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JLL Real Estate Capital LLC ranked 4th with an annual change in funded loans of 180.50%.
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Luminate Home Loans Inc. ranked 3rd with an annual change in funded loans of 229.70%.
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Logan Finance Corp. ranked 2nd with an annual change in funded loans of 255.40%.
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Loan Store LLC ranked 1st with an annual change in funded loans of 2,182.90%.
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