United Wholesale Mortgage kept its position as the number one originator in 2024, though another rival trailed very closely behind, an analysis of Home Mortgage Disclosure Act data by Polygon Research shows.
The Pontiac-based wholesale lender originated 366,078 loans throughout last year, per HMDA data. Though impressive, Rocket Mortgage was right at UWM's heels with the origination of 361,071 loans in 2024.
Total origination volume for UWM was
Both Michigan-based heavyweights have nearly identical market shares, according to Polygon's analysis, with UWM holding 5.95% of the market in 2024 and Rocket capturing 5.87%.
Prior to HMDA data being released by the Consumer Financial Protection Bureau, Rocket announced its
Cleveland, Ohio-based Crosscountry Mortgage ranked third, originating 101,894 loans in 2024. Its market share was 1.66%. Unlike UWM and Rocket, Crosscountry operates solely in the retail channel.
Ranked within the top 10 after Crosscountry are Bank of America, Navy Federal Credit Union, JPMorgan Chase, Loandepot, Guild Mortgage, U.S. Bank and Fairway Independent Mortgage.
Interestingly, Loandepot, which
Polygon's analysis shows that Veterans United Home Loans and DHI Mortgage were ranked No. 11 and No. 12 in the number of loans originated last year.
"The 2024 market was fueled by stabilizing interest rates, pent-up demand, and increased refinance activity," a press release from Polygon research said.
Throughout last year, interest rates tottered around 7%, but there were spurts of
