For those who’re curious who the highest mortgage lenders in Arizona are, you’ve come to the fitting place.
I’ve compiled a number of top-10 lists for general quantity, house buy quantity, and refinance quantity.
Apparently, a wholesale mortgage lender really topped the general record in 2021 (the most recent yr obtainable).
That’s spectacular given the truth that wholesale lenders solely work with mortgage brokers, versus retail lenders which might be consumer-facing.
Anyway, the lender in query was United Wholesale Mortgage, or UWM for brief, with a stable $12.1 billion. Learn on to search out out who the opposite large gamers had been.
Prime Mortgage Lenders in Arizona (Total)
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | United Wholesale Mortgage | $12.1 billion |
| 2. | Rocket Mortgage | $11.5 billion |
| 3. | Chase | $6.6 billion |
| 4. | Fairway Unbiased | $6.3 billion |
| 5. | loanDepot | $5.4 billion |
| 6. | Wells Fargo | $5.4 billion |
| 7. | Nova House Loans | $4.8 billion |
| 8. | U.S. Financial institution | $4.8 billion |
| 9. | Freedom Mortgage | $4.0 billion |
| 10. | Pennymac | $3.8 billion |
As famous, UWM topped the charts within the Copper State with over $12 billion in house mortgage quantity, beating out its crosstown rival Rocket Mortgage, per HMDA information from Richey Might.
Rocket mustered an additionally spectacular $11.5 billion in house mortgage origination quantity, beating out third place Chase’s $6.6 billion fairly simply.
Additionally within the high 5 had been Fairway Unbiased Mortgage with $6.3 billion, and loanDepot with $5.4 billion.
The remainder of the top-10 additionally consisted of massive nationwide mortgage manufacturers, aside from Nova House Loans, which is definitely an impartial mortgage banker based mostly in Arizona.
They got here in seventh with a wholesome $4.8 billion in mortgage quantity, beating out U.S. Financial institution, Freedom Mortgage, and Pennymac.
Wells Fargo snagged sixth place with $5.4 billion, fairly sturdy regardless of ongoing headwinds on the firm.
Prime Mortgage Lenders in Arizona (for House Buy Loans)
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | UWM | $4.2 billion |
| 2. | Fairway Unbiased | $3.8 billion |
| 3. | U.S. Financial institution | $2.9 billion |
| 4. | Chase | $2.8 billion |
| 5. | Nova House Loans | $2.3 billion |
| 6. | Wells Fargo | $2.1 billion |
| 7. | loanDepot | $2.1 billion |
| 8. | Rocket Mortgage | $1.9 billion |
| 9. | Lakeview Mortgage Servicing | $1.5 billion |
| 10. | VIP Mortgage | $1.4 billion |
Now let’s flip our consideration to house buy lending, which has turn out to be all the fad since mortgage charges virtually doubled.
The highest Arizona mortgage lender for house buy loans was additionally UWM with $4.2 billion funded.
This time they held off second place Fairway Unbiased Mortgage, which originated a decent $3.8 billion in State 48.
Coming in third was depository U.S. Financial institution with $2.9 billion, adopted by fellow financial institution Chase with $2.8 billion.
In fifth was Arizona’s very personal Nova House Loans with $2.3 billion. For those who dwell there, you’ve undoubtedly seen their many billboards alongside the freeway.
Others within the high 10 included Wells Fargo, loanDepot, Rocket Mortgage, Lakeview Mortgage Servicing, and one other Arizona-based mortgage lender, VIP Mortgage.
This is a crucial record to look at for 2022 because the market shifts to buy vs. refinance lending.
Those that stay on it will likely be the winners within the mortgage house in what in any other case could be a tricky yr.
Prime Mortgage Lenders in Arizona (for House Refinance Loans)
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | Rocket Mortgage | $9.5 billion |
| 2. | UWM | $8.0 billion |
| 3. | Chase | $3.6 billion |
| 4. | Freedom Mortgage | $3.5 billion |
| 5. | loanDepot | $3.4 billion |
| 6. | Wells Fargo | $3.1 billion |
| 7. | Nova House Loans | $2.5 billion |
| 8. | Pennymac | $2.5 billion |
| 9. | Fairway Unbiased | $2.5 billion |
| 10. | Mr. Cooper | $2.4 billion |
Now let’s crown a king of refinance loans. For those who guessed Rocket Mortgage, you received.
The nation’s primary mortgage lender did $9.5 billion in refis in Arizona final yr.
That was nicely above second place UWM’s $8 billion, and in a distinct galaxy than third place Chase’s $3.6 billion.
Nonbank lenders Freedom Mortgage and loanDepot took fourth and fifth, respectively, with $3.5 and $3.4 billion.
Others within the high 10 included repeats Wells Fargo, Nova House Loans, Pennymac, and Fairway Unbiased, together with Mr. Cooper (previously Nationstar).
So it seems the top-10 mortgage lenders in Arizona is pretty concentrated amongst a small group of massive names.
It’ll be attention-grabbing to see what this record appears to be like like for 2022.
Do You Have to Use Certainly one of Arizona’s Greatest Mortgage Lenders?
Bear in mind, largest isn’t at all times greatest, although it’s doable for giant and greatest to coexist.
In the end, it’ll come all the way down to your preferences and private expertise relying on your property mortgage wants.
The highest mortgage lender in Arizona is UWM, which as famous, is a wholesale lender. This implies smaller brokerages resell their merchandise.
So it’s doable to work with a small mom-and-pop store and nonetheless get your mortgage from the #1 lender within the state.
But it surely doesn’t actually matter how large, small, or medium your lender is so long as they get the job finished and supply a aggressive charge (and charges).
Simply take the time to discover the various choices obtainable and collect greater than only one quote if you’d like the prospect to avoid wasting dough.
(photograph: Andy Atzert)
