Best Mortgage Lenders in USA
If you're looking to buy a home or refinance your mortgage, first you need to know who the best mortgage lenders are, those that will give you the best deal. If you live in the United States and want to get a mortgage loan from a bank or lender, you'll likely be applying for a conventional mortgage loan. These are also known as "conforming loans." The best mortgage companies offer affordable rates, have helpful online tools, are quick to communicate, and won't leave you hanging if you need help. The following is the list of some of the top Mortgage lenders in USA:
Quicken Loans
Quicken Loans is one of the largest mortgage lenders in the United States. It is based in Detroit, Michigan, and was founded in 1985. The Company has been a subsidiary of Rock Holdings since 2002.
Total assets: 37.54 billion USD (2020)
Total employees: 24,000 (2020)
Quicken Loans offers several personalized services that help customers find the right product for their needs. In addition to traditional mortgages, Quicken Loans offers home equity loans, refinancing options, and reverse mortgages. The Company also offers residential renovation loans such as FHA 203(k), HomeStyle Renovation Mortgages, and Freddie Mac's CHOICERenovation Mortgage.
United Shore Financial
United Shore Financial Services is a wholesale mortgage lender headquartered in Troy, Mich. It was established in 1986 as United Northern Mortgage Bankers Ltd. and has grown to become one of the country's largest privately owned mortgage lenders.
Total Assets: $22,528,358
Total Employees: about 4,800
The financial services industry of the United States comprises three major categories: banking; insurance; securities, commodities, investments. The largest financial sector in the U.S. is banking, including commercial banking and investment banking. United Shore also offers a wide range of loan products, including conventional, FHA, USDA, VA, and jumbo loans.
Freedom Mortgage
Freedom Mortgage is a full-service mortgage banker that provides mortgage loans for home buyers and homeowners. The Company was founded in 1990 and is headquartered in Mount Laurel, New Jersey. It has more than 2,244 employees, over 7 million customers, and about 100 branches. In 2017 alone, it helped originate more than 300 billion in mortgages.
Freedom Mortgage is one of the top mortgage lenders in the U.S. based on the annual volume of mortgages closed. Freedom Mortgage offers a variety of loans, including conventional loans, FHA loans, V.A. loans, USDA loans, and jumbo loans. They also offer refinance options and HARP refinancing for borrowers in need of debt consolidation, home improvements, or cashback.
Wells Fargo
It was founded on March 18, 1852, 153 years ago, headquartered in San Francisco, California, United States. It is also one of the financial services companies in the United States. It is a financial company that focuses on providing banking, insurance, investments, and mortgage products and services to customers through retail banking and other distribution channels. It has the most extensive branch network in the United States, with more than 7,200 locations. It has over 70 million customers and employees—total assets of about US$1.955 trillion (2021). As of 2020, the Company had employees of more than 268,531 people across its branches.
LoanDepot
Headquartered in Foothill Ranch, California, loanDepot is a national direct lender with over $150 billion in closed loans. Founded in 2010 by CEO Anthony Hsieh, the Company has grown to over 11,763 employees with more than $. Ten million eight hundred ninety-three thousand two hundred twenty-eight net assets as of 2020.
LoanDepot is a private lender that provides funding for home loans and personal and home equity loans. It's also a mortgage servicer and offers several types of mortgages, including fixed- and adjustable-rate loans and FHA, VA, and USDA mortgages. LoanDepot has several branches nationwide. It offers customers a variety of loan types, including conventional and government loans and refinancing options. LoanDepot also has an extensive network of physical locations across the nation, with dedicated mortgage consultants available to help borrowers through the loan process.
JPMorgan Chase
JPMorgan Chase is one of the largest banks in the USA with total assets of 3.386 trillion USD as of 2020; It also had 189,315 employees distributed in more than 4,700 branches.
Its services include retail banking, corporate banking, investment banking, and asset management services. It also offers credit cards, investment products, and mobile payment solutions. The Company was founded in 1799 as the Bank of the Manhattan Company, but later in 1955, it merged with Chase National Bank to form The Chase Manhattan Bank. In 2000 the current name was adopted after a merger with JP Morgan & Co Inc., established in 1871.
Caliber Home Loans
Caliber Home Loans, Inc. is an Irving, Texas-based home mortgage originator and servicer established in 2013 by Caliber Funding and Vericrest Financial merger. The firm is owned by affiliates of Lone Star Funds, a global private equity fund. As of March 31, 2018, with approximately 5,952 employees worldwide, Caliber originated $7 billion in home loans. The Company is also estimated to have had 9.3bassets as of 2019.
Caliber offers a variety of mortgage loan products to meet customers' needs nationwide. These include conventional mortgage loans and government-insured loans such as FHA loans, V.A. loans, and USDA Rural Development loans. Caliber Home Loans has served more than 1 million clients since its inception and is known for providing excellent customer service and cutting-edge technology to ensure that the home buying process meets the demands of an ever-changing market.
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation is a mortgage banker headquartered in Madison, Wisconsin. The Company was founded in 1996 by Steve Jacobson and currently has over 345+ branches nationwide across the United States. It employs over 1,000 people and is licensed to do business in 48 states plus the District of Columbia. The Company provides retail customers, real estate professionals (including builder programs), and wholesale customers. As of 2019, the Company had a total of $39.151 Billion.
FAQs
Q. Why do Quicken Loans have the highest customer satisfaction rating of any mortgage lender?
A. Because they have a unique business model that allows them to focus exclusively on their clients and their needs, rather than third-party investors.
