Mortgage Daily 2016 Biggest Lender Ranking DALLAS, April

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News Desk 2018
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Mortgage Daily 2016 Biggest Lender Ranking

DALLAS, April 03, 2017 (GLOBE NEWSWIRE) -- Although quarterly mortgage originations dipped from the previous period, there was an increase in annual volume. There was some jockeying for position among the nation's 10-largest lenders. U.S. home lenders originated an estimated $517 billion during the final-three months of 2016, according to data collected for the  Mortgage Daily Fourth Quarter 2016  Mortgage Origination Survey . Mortgage production declined from the  previous three-month period , when $568 billion in residential loans were closed. But activity accelerated from $375 billion in the  final quarter of 2015 . Banks were responsible for $236 billion of fourth-quarter 2016 originations, while credit unions generated $48 billion and non-banks accounted for $233 billion. Wells Fargo maintained its position as the country's biggest mortgage lender. PennyMac climbed to fourth position in the latest quarter from No. 5 in the third quarter, while Bank of America also moved up one spot to No. 5. The fourth-biggest lender in the third-quarter ranking, US Bank, dropped to No. 6.

Originations By Lender - Q4 2016

       
Wells Fargo   $ 72
Chase   $ 34
Quicken Loans   $ 27
PennyMac   $ 22
Bank of America   $ 22
       

For all of 2016, the nation's mortgage bankers generated $1.927 trillion in mortgage production -- including $846 billion at banks, $173 billion at credit unions and $909 billion at non-banks. The overall total jumped from $1.683 billion in 2015. Wells Fargo had the most originations last year, while BofA bumped U.S. Bank from the No. 4 spot.

Originations By Lender -- 2016

       
Wells Fargo   $ 249
Chase   $ 117
Quicken   $ 96
BofA   $ 79
US Bank   $ 79
       

Wells Fargo also kept its title of biggest primary mortgage servicer.

Servicing Portfolios as of Dec. 31, 2016

       
Wells Fargo   $ 1,552
Chase   $ 847
BofA   $ 565
Nationstar Mortgage   $ 484
US Bank   $ 306
       

Full Q4 2016 report (complimentary for reporters): http://www.MortgageDaily.com/stories/BiggestL...?spcode=pr Quarterly mortgage production by lenders: http://www.mortgagedaily.com/FundingsConformi...?spcode=pr Mortgage  origination news  at: http://www.mortgagedaily.com/Fundings.asp?spcode=pr 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  www.MortgageDaily.com .

CONTACT: NewsAlert@MortgageDaily.com 214.521.1300

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