Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
722,032+456
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
7.00%0.01
MortgageOrigination

United Wholesale edges past Quicken Loans in this one, key metric

#3 nonbank lender by total mortgage volume

United Wholesale Mortgage continues the rapid growth of its total loan production volume, passing Quicken Loans and Amerihome Mortgage in the second quarter, according to a report by Inside Mortgage Finance.

UWM produced $11.2 billion in loan volume during the second quarter, with $8.3 billion of its business (74%) being attributed to new home purchases – compared with Quicken Loans and Amerihome, which both did $7.8 billion.

In the first quarter both Quicken and Amerihome produced more than UWM, by way of comparison. For the second quarter, only PennyMac Financial and Caliber Home Loans surpassed UWM in nonbank loan production.

Click the chart to see the top 20 rankings.

IMF mortgage volume in the second quarter

 

“This is a major accomplishment for us at UWM, and highlights the efforts of more than 2,700 team members here who are dedicated to helping our mortgage broker clients be the hero to their borrowers and the realtors they work with,” said Mat Ishbia, president and CEO of United Wholesale Mortgage.

“The high amount of purchases going through the mortgage broker channel reinforces that borrowers don’t want to communicate with a call center loan officer that is 1,000 miles away, or use an app that is more sizzle than substance. They prefer local, they want an expert, and they want the process to be fast and easy – and that’s what mortgage brokers provide.”

Recently, Quicken and UWM became embroiled in an epic battle for borrowers, pitting the retail giant against the brokerage titan. The war still rages.

Most Popular Articles

Latest Articles

Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please