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Mortgage, Open Banking

Fastest Growing Mortgage Lenders in 2018

In 2018, 36 major lenders (9,000 mortgage originations and above) were able to produce more closed loans. Those lenders ranged from United Shore Financial, who originated 37,507 more loans than in 2017, to Pacific Union Financial who produced 149 more loans than the previous year.

While the market as a whole originated 9% fewer mortgages, shrinking by 600,000 loans, there were an additional 19 lenders who performed better than the industry average but originations decreased from 2017 to 2018.

There are plenty of avenues for growth in a down or stagnant lending market — M&A, digitization, and even expansion can each make an impact. On the other hand, when it comes to originations and mortgage volume, simply treading water and waiting for better times can sometimes be a good strategy if lenders are preparing for what comes next.

Finicity has found that helping lenders digitize their origination process is one of the best avenues for growing originations and market share whether demand is high or whether lenders are experiencing a trickle of applicants.

Using digital verification solutions can help lenders:

Without further ado, here’s the list of the 36 large lenders that grew in 2018.

Fidelity Southern Bank

Cardinal Financial

Citizens Bank

Eagle Home Mortgage

United Shore Financial

Union Home Mortgage

First Federal Bank

CrossCountry Mortgage

Fairway Independent

Vanderbilt Mortgage

Guaranteed Rate

Barrington Bank & Trust

NVR Mortgage Finance Inc

Ruoff Home Mortgage

Prosperity Home Mortgage

CMG Mortgage Inc.

American Financial Network

KeyBank

1ST Mortgage

DHI Mortgage

Paramount Residential Mortgage

Bank of England

Arvest Bank

Huntington National Bank

Ark-La-Tex Financial Services

BancorpSouth Bank

Navy Federal Credit Union

State Employees’ Credit Union

Lake Michigan Credit Union

Mortgage Research Center

Guild Mortgage Company

American Pacific Mortgage

Pulte Mortgage

Renasant Bank

Residential Mortgage Services

Pacific Union Financial

Data taken from the MBA 2019 and 2018 HMDA Residential Originations Databook.