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It’s time to take a look at the highest mortgage lenders in South Carolina, based mostly on who did essentially the most enterprise.
Final yr, greater than 1,000 mortgage firms collectively funded greater than $80 billion in residence loans within the state.
However one specific firm did much more enterprise than the remaining, and likewise occurs to be the highest mortgage lender within the U.S.
Sure, I’m referring to Rocket Mortgage (previously Quicken Loans), almost doubling the amount of their nearest competitor.
Learn on to see which different firms dominated the mortgage biz in The Palmetto State.
Prime Mortgage Lenders in South Carolina (General)
| Rating | Firm Title | 2021 Mortgage Quantity |
| 1. | Rocket Mortgage | $5.0 billion |
| 2. | Wells Fargo | $2.8 billion |
| 3. | Pennymac | $2.5 billion |
| 4. | Freedom Mortgage | $2.2 billion |
| 5. | Truist | $2.1 billion |
| 6. | SouthState Financial institution | $1.9 billion |
| 7. | Motion Mortgage | $1.9 billion |
| 8. | Guild Mortgage | $1.6 billion |
| 9. | UWM | $1.5 billion |
| 10. | Newrez | $1.5 billion |
Coming in first each in South Carolina (and nationally) was none aside from Rocket Mortgage with $5.0 billion funded in 2021, per HMDA information from Richey Might.
As famous, that was almost double second placed-Wells Fargo, which managed simply $2.8 billion through the yr.
In a considerably shut third was Pennymac, a principally correspondent lender that originated $2.5 billion.
Fourth went to Boca Raton-based Freedom Mortgage with $2.2 billion, whereas Charlotte-based Truist took fifth with $2.1 billion.
One other Florida-based financial institution, SouthState Financial institution, snagged sixth with $1.9 billion, adopted by South Carolina’s personal Motion Mortgage in seventh ($1.9B).
The remainder of the highest 10 included Guild Mortgage, United Wholesale Mortgage, and Newrez.
Just one hometown firm within the record, however many adjoining states like Florida and North Carolina.
Prime South Carolina Mortgage Lenders (for House Consumers)
| Rating | Firm Title | 2021 Mortgage Quantity |
| 1. | Pennymac | $1.4 billion |
| 2. | Motion Mortgage | $1.4 billion |
| 3. | Wells Fargo | $1.2 billion |
| 4. | SouthState Financial institution | $1.1 billion |
| 5. | Guild Mortgage | $1.0 billion |
| 6. | Rocket Mortgage | $997 million |
| 7. | Truist | $912 million |
| 8. | TD Financial institution | $834 million |
| 9. | AmeriHome Mortgage | $818 million |
| 10. | Newrez | $773 million |
The record adjustments fairly a bit once we focus solely on residence buy loans, with Pennymac grabbed the highest spot with $1.4 billion funded.
They have been adopted intently by Indian Land-based Motion Mortgage with the same $1.4 billion in mortgage origination quantity.
Wells Fargo took third with $1.2 billion, adopted by SouthState Financial institution with $1.1 billion, and Guild Mortgage with $1 billion.
Rocket Mortgage dropped to sixth with $997 million funded, adopted by Truist with $912 million.
TD Financial institution, AmeriHome Mortgage, and Newrez rounded out the highest 10. Once more, just one SC-based mortgage firm.
Prime Refinance Lenders in South Carolina (for Current Householders)
| Rating | Firm Title | 2021 Mortgage Quantity |
| 1. | Rocket Mortgage | $4.0 billion |
| 2. | Freedom Mortgage | $1.8 billion |
| 3. | Wells Fargo | $1.4 billion |
| 4. | Pennymac | $1.2 billion |
| 5. | Truist | $1.0 billion |
| 6. | loanDepot | $978 million |
| 7. | UWM | $871 million |
| 8. | Mr. Cooper | $846 million |
| 9. | Newrez | $735 million |
| 10. | SouthState Financial institution | $733 million |
As soon as the record is filtered to solely embrace mortgage refinances, Rocket Mortgage trounces the competitors with $4.0 billion funded.
That was greater than double second positioned Freedom Mortgage ($1.8 billion), and greater than triple third positioned Wells Fargo ($1.4 billion).
About 80% of the Detroit-based firm’s mortgage quantity consisted of refis within the state of South Carolina.
Fourth went to Pennymac with $1.2 billion, whereas fifth place was captured by Truist with $1.0 billion funded.
The remaining spots within the prime 10 went to loanDepot, UWM, Mr. Cooper, Newrez, and SouthState Financial institution.
Prime Mortgage Lenders in Charleston
| Rating | Firm Title | 2021 Mortgage Quantity |
| 1. | Rocket Mortgage | $1.0 billion |
| 2. | Wells Fargo | $795 million |
| 3. | Newrez | $760 million |
| 4. | SouthState Financial institution | $611 million |
| 5. | Pennymac | $592 million |
| 6. | Freedom Mortgage | $529 million |
| 7. | Truist | $523 million |
| 8. | UWM | $515 million |
| 9. | First Residents Financial institution | $445 million |
| 10. | Shelter Mortgage | $434 million |
Prime Mortgage Lenders in Columbia
| Rating | Firm Title | 2021 Mortgage Quantity |
| 1. | Guild Mortgage | $680 billion |
| 2. | Rocket Mortgage | $578 million |
| 3. | Pennymac | $425 million |
| 4. | Freedom Mortgage | $418 million |
| 5. | Wells Fargo | $267 million |
| 6. | AmeriHome Mortgage | $238 million |
| 7. | Ameris Financial institution | $231 million |
| 8. | First Residents Financial institution | $231 million |
| 9. | Truist | $196 million |
| 10. | Mr. Cooper | $188 million |
The Finest South Carolina Mortgage Lenders
Essentially the most reviewed mortgage lender on Zillow within the state of South Carolina occurs to be Motion Mortgage.
In addition they have a stellar 4.98/5 ranking from about 18,000 buyer opinions. That makes them a fairly highly-rated mortgage firm within the state, doubtlessly the very best.
In the meantime, Rocket has a 4.48/5, Wells Fargo has a 4.95/5, Freedom Mortgage has a 4.85/5, and Pennymac has a 4.4/5.
Many smaller, SC-based mortgage firms didn’t make the lists above, however nonetheless personal wonderful scores on Zillow.
They embrace Columbia-based Lending Path Mortgage (4.97/5) and Basis Mortgage Corp. (4.97/5), together with Charleston-based Tabor Mortgage Group (4.94/5).
And there are various different SC mortgage firms, together with SC-based mortgage brokers, which additionally present wonderful service.
Take the time to take a look at firms each massive and small, and look past actual property agent referrals and family names. You would possibly discover a hidden gem.
