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   ARTICLE   |   From Scotsman Guide Residential Edition   |   June 2013

Top Mortgage Lenders 2012

Who are the nation's highest-producing mortgage lenders?

>> Move on to the Top Mortgage Lenders 2012 rankings

Everyone working in the mortgage industry knows about the success the big banks enjoy. Wells Fargo & Co. closed nearly 30 percent of home loans in 2012 and earned almost $12 billion from mortgages. JP Morgan Chase & Co., U.S. Bank, Bank of America Corp. and Quicken Loans rounded out the top five in terms of market share. But what about the other mortgage lenders out there? Which lender is originating the most wholesale loans? What retail-branch operation is growing the fastest? What company is tops in the hard-money niche?

We wanted to know the answers to these questions — and more. So we created Scotsman Guide's Top Mortgage Lenders rankings to find out what companies — outside of the top five — were making the biggest splash in the mortgage-lending industry. We used our successful Top Originators rankings as our template, and we solicited entries from mortgage lenders around the United States. All loan volume had to be from mortgages on one-to-four-unit residential properties within the U.S. No commercial or international loans were included.

For the first time ever, we're proud to present our rankings of the nation's top-producing mortgage lenders. On the next few pages, you'll find the top 75 mortgage lenders by overall loan volume, the top 25 lenders by wholesale volume, the top 25 lenders by retail volume, and the top entrants by volume gain from 2011 to 2012. In addition, we've included information on the top hard-money lenders in the nation.

Methodology

So how did the process work? To start, we accepted entries at scotsmanguide.com between February 11 and March 22.

Next came the verification process. We requested written verification of each company's loan volume from a certified public accountant, the chief financial officer at their company or a similar source. We checked this data against the original submissions and followed up where necessary. Only entrants whose data we could verify in this fashion made it to the final list.

The results

On the next few pages, you'll find mortgage lenders rankings in multiple categories. In addition to their volumes and other loan data, we list each company's:

  • Headquarters: Location of the company's corporate office;
  • Wholesale vs. retail: The percentage of the company's total loan volume (on the overall volume list) that was for wholesale loans compared to retail originations;
  • Originators: How many originators are employed by the company overall;
  • States: The number of states in which the company is licensed to originate loans; and
  • Years in Biz: The number of years the company has been operating.

In some cases, we accepted a company's best estimates for their staffing numbers, although some companies did not wish to include this number because of investor concerns. Otherwise, we have confirmed (and sometimes, re-confirmed) all the data that appear in these rankings. For the purposes of our rankings, we included correspondent lending, warehouse facilities and third-party origination volume as wholesale production. Also: Inclusion of any company on this list does not constitute an endorsement of that company by Scotsman Guide or Scotsman Guide Media.

Interested in a reprint of our rankings? Visit  scotsmanguide.com/TLreprint12 or e-mail  toddb@scotsmanguide.com.

>> Move on to the Top Mortgage Lenders 2012 rankings


 


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