However, there were some disputes over the position. In the boldest move, Freedom Mortgage jumped to third place, well above tenth place a year ago, underscoring the aggressive growth of non-bank lenders. If you're using a Galaxy Fold, consider opening your phone or viewing it in full screen to better optimize your experience. The CFPB estimates that the 5,500 financial institutions that report under the HMDA account for about 88% of fixed-capital mortgages originated in the United States, or 8.1 million loans.
Most mortgages are fixed-term mortgages; home equity lines of credit, or HELOC, are not. Scroll down to see the full list of the top mortgage lenders by purchase origination. Among all the institutions reporting to the HMDA, the percentage of refinance mortgage originations that went to minority borrowers was 17.7%. While many lenders focus on originating purchases, only the Mortgage Research Center obtained more than 70% of its purchase loans declared by the HMDA.
UWM's volume is expected to continue to increase after 10,000 brokerage firms agreed to stop working with competitors Fairway Independent Mortgage and Quicken Loans.