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Regardless of being a giant banking hub, the highest mortgage lenders in North Carolina are principally nonbanks.
In truth, simply three of the highest 10 are depository banks, with one credit score union and the remainder nonbank direct lenders.
Nevertheless, a number of of the highest lenders within the state additionally occur to be headquartered in North Carolina.
These names embody Financial institution of America, Truist Monetary, and State Workers’ Credit score Union.
Learn on to see who topped the record in 2021 for mortgage lending total.
High Mortgage Lenders in North Carolina (Total)
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | Rocket Mortgage | $11.5 billion |
| 2. | Wells Fargo | $8.1 billion |
| 3. | State Workers CU | $7.3 billion |
| 4. | Truist | $6.3 billion |
| 5. | Motion Mortgage | $5.3 billion |
| 6. | Pennymac | $4.7 billion |
| 7. | Freedom Mortgage | $4.0 billion |
| 8. | UWM | $3.5 billion |
| 9. | loanDepot | $3.1 billion |
| 10. | Financial institution of America | $2.8 billion |
Yep, you most likely guessed proper. Rocket Mortgage was the highest mortgage lender in North Carolina final yr with $11.5 billion funded, per HMDA knowledge from Richey Could.
In second was San Francisco-based financial institution Wells Fargo with $8.1 billion, adopted by Raleigh based-State Workers’ Credit score Union with $7.3 billion.
Subsequent up was Charlotte-based Truist Monetary with $6.3 billion, previously two firms (BB&T and SunTrust Financial institution).
Finishing the highest 5 was Motion Mortgage with $5.3 billion, a South Carolina-based direct lender.
The remainder of the perfect included Pennymac, Freedom Mortgage, United Wholesale Mortgage (UWM), loanDepot, and Financial institution of America.
UWM is a wholesale lender that works solely with mortgage brokers, that means you possibly can’t work with them straight.
High Mortgage Lenders in North Carolina (for Residence Patrons)
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | Motion Mortgage | $3.7 billion |
| 2. | Wells Fargo | $3.2 billion |
| 3. | Truist | $2.9 billion |
| 4. | State Workers CU | $2.9 billion |
| 5. | Rocket Mortgage | $2.5 billion |
| 6. | Pennymac | $2.3 billion |
| 7. | Atlantic Bay Mortgage | $1.9 billion |
| 8. | Fairway Unbiased | $1.7 billion |
| 9. | Chase | $1.4 billion |
| 10. | Assured Charge | $1.4 billion |
If we focus solely on dwelling buy lending, Fort Mill-based Motion Mortgage was the highest canine with $3.7 billion funded.
It was greater than sufficient to beat out Wells Fargo’s $3.2 billion, typically the acquisition mortgage king.
In third and fourth had been NC’s personal Truist and State Workers’ Credit score Union, each with about $2.9 billion funded.
In a extra distant fifth place was Rocket Mortgage with $2.5 billion in mortgage origination quantity.
The opposite gamers within the prime 10 included Pennymac, Atlantic Bay Mortgage, Fairway Unbiased Mortgage, Chase, and Assured Charge.
High Refinance Lenders in North Carolina (Present Owners)
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | Rocket Mortgage | $8.9 billion |
| 2. | Wells Fargo | $4.7 billion |
| 3. | State Workers CU | $4.1 billion |
| 4. | Freedom Mortgage | $3.3 billion |
| 5. | Truist | $3.0 billion |
| 6. | Pennymac | $2.4 billion |
| 7. | loanDepot | $2.3 billion |
| 8. | UWM | $2.2 billion |
| 9. | Higher Mortgage | $1.9 billion |
| 10. | Mr. Cooper | $1.8 billion |
Now a take a look at the mortgage refinance leaders within the state of North Carolina.
Unsurprisingly, nationwide #1 mortgage lender Rocket took the highest spot with $8.9 billion funded.
That was practically double second place Wells Fargo, which managed simply $4.7 billion in refinance mortgage quantity.
As soon as once more, State Workers’ Credit score Union had a robust exhibiting, taking third place with $4.1 billion.
Florida-based refinance specialist Freedom Mortgage took fourth with $3.3 billion, whereas Truist grabbed fifth with $3.0 billion funded.
Others within the prime 10 included Pennymac, loanDepot, UWM, under-fire Higher Mortgage, and Mr. Cooper.
It was principally family names on this record, because it normally is. State Workers’ Credit score Union did a great job of conserving it native, regardless of refinances being primarily worth pushed.
Those that rely an excessive amount of on refis may need hassle in coming years because the market leans closely on buy transactions.
High Mortgage Lenders in Charlotte
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | Rocket Mortgage | $4.3 billion |
| 2. | Wells Fargo | $3.0 billion |
| 3. | Motion Mortgage | $2.6 billion |
| 4. | Truist | $1.8 billion |
| 5. | Financial institution of America | $1.7 billion |
| 6. | UWM | $1.5 billion |
| 7. | loanDepot | $1.3 billion |
| 8. | Pennymac | $1.2 billion |
| 9. | Freedom Mortgage | $1.1 billion |
| 10. | American Safety Mtg | $1.1 billion |
High Mortgage Lenders in Raleigh
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | Rocket Mortgage | $2.4 billion |
| 2. | Wells Fargo | $1.8 billion |
| 3. | State Workers CU | $1.4 billion |
| 4. | Truist | $1.4 billion |
| 5. | UWM | $972 million |
| 6. | Pennymac | $885 million |
| 7. | loanDepot | $841 million |
| 8. | Motion Mortgage | $779 million |
| 9. | Higher Mortgage | $752 million |
| 10. | Freedom Mortgage | $690 million |
You Could Have By no means Heard of the Greatest North Carolina Mortgage Lenders
Dimension isn’t the whole lot. It may be advantageous to be massive to get issues achieved within the mortgage trade, however it could additionally show to be a nuisance if you happen to’re too huge.
Generally, a nimbler lending accomplice, equivalent to a mortgage dealer or credit score union, might get you to the end line quicker, with fewer complications alongside the best way.
I perceive that with regards to monetary selections, utilizing a giant, family title can really feel just like the secure transfer, however contemplate all of your choices.
Clearly take the time to vet any firm or particular person first, however know there are numerous alternative ways to get a mortgage.
Whether or not it’s a person dealer, native financial institution, on-line lender, credit score union, or main monetary establishment.
Chances are high there are some actually highly-rated mortgage firms on the market that most likely don’t promote or get a lot press.
And that’s simply superb, so long as they’ve received good critiques, supply aggressive pricing, and supply high quality service.
