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At this time we’ll check out the highest mortgage lenders in Colorado.
Curiously, the highest lender within the state isn’t a direct lender or a depository financial institution.
The truth is, aspiring residence patrons and current householders can’t even work with this firm immediately.
As a substitute, they’ll must work with an middleman to entry the mortgage packages provided by this behemoth of a mortgage firm.
This firm was additionally the highest mortgage lender within the state of Arizona, giving them a powerful foothold within the Mountain West area of the US.
Prime Mortgage Lenders in Colorado (General)
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | UWM | $11.7 billion |
| 2. | Rocket Mortgage | $9.5 billion |
| 3. | Chase | $8.5 billion |
| 4. | Wells Fargo | $4.6 billion |
| 5. | U.S. Financial institution | $4.6 billion |
| 6. | Homepoint | $4.5 billion |
| 7. | Fairway Impartial | $4.2 billion |
| 8. | American Financing | $4.1 billion |
| 9. | Pennymac | $4.0 billion |
| 10. | loanDepot | $3.9 billion |
As alluded to, the highest Colorado mortgage lender final 12 months was truly a wholesale lender that works with mortgage brokers.
This runs counter to the extra conventional retail lending channel provided by large banks and family lenders like Rocket Mortgage.
But by some means United Wholesale Mortgage (UWM) managed to beat the competitors fairly simply with $11.7 billion in mortgage origination quantity, per HMDA knowledge from Richey Could.
That was greater than sufficient to take out nationwide #1 total Rocket Mortgage’s $9.5 billion, and JPMorgan Chase’s $8.5 billion.
With a purpose to work with UWM, you’d must enlist a mortgage dealer that’s authorized to do enterprise with UWM.
Seeing that UWM is the biggest wholesale mortgage lender within the nation, most mortgage brokers are.
One other benefit to utilizing a mortgage dealer is that they may doubtless be authorized with a number of corporations, so it might end up that they’ve a greater choice past UWM.
For the file, Rocket Mortgage additionally operates a wholesale unit so a dealer could possibly be working with each concurrently and ship your mortgage to the one providing the perfect worth.
Transferring on, a pair of depository banks took fourth and fifth, Wells Fargo and U.S. Financial institution, each with roughly $4.6 billion every.
The remainder of the highest 10 featured a slew of nonbank lenders, together with Homepoint, Fairway Impartial Mortgage, American Financing Corp., Pennymac, and loanDepot.
American Financing Corp. is the one Colorado-based mortgage lender on the listing, headquartered in Aurora, simply east of Denver.
Prime Mortgage Lenders in Colorado (for Dwelling Patrons)
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | UWM | $4.7 billion |
| 2. | Chase | $3.9 billion |
| 3. | Fairway Impartial | $2.7 billion |
| 4. | FirstBank | $2.1 billion |
| 5. | U.S. Financial institution | $2.1 billion |
| 6. | Cherry Creek Mortgage | $1.9 billion |
| 7. | Rocket Mortgage | $1.7 billion |
| 8. | Wells Fargo | $1.6 billion |
| 9. | loanDepot | $1.5 billion |
| 10. | Assured Fee | $1.4 billion |
In the event you’re desirous about shopping for a house, you is perhaps curious who the highest lenders are for residence buy loans.
Some mortgage lenders focus on each buy loans and refinances, whereas others give attention to only one.
After we slender it down to only buy transactions, UWM nonetheless retained the lead with $4.7 billion funded.
That was sufficient to maintain Chase’s $3.9 billion at bay, and greater than sufficient to overcome Fairway Impartial Mortgage’s $2.7 billion.
Coming in fourth was Colorado’s personal FirstBank with $2.1 billion, which has over 100 places in The Centennial State.
U.S. Financial institution snagged fifth with roughly the identical quantity funded throughout the 12 months.
Native mortgage banker Cherry Creek Mortgage took sixth with $1.9 billion, adopted by Rocket Mortgage, Wells Fargo, loanDepot, and Assured Fee.
All the time good to see some native names on these lists – and it makes extra sense to be on this class as residence patrons are likely to gravitate to extra native corporations for large life choices.
Prime Refinance Lenders in Colorado (for Present Owners)
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | Rocket Mortgage | $7.7 billion |
| 2. | UWM | $7.0 billion |
| 3. | Chase | $4.5 billion |
| 4. | American Financing | $3.7 billion |
| 5. | Freedom Mortgage | $3.3 billion |
| 6. | Homepoint | $3.3 billion |
| 7. | Wells Fargo | $2.9 billion |
| 8. | Pennymac | $2.7 billion |
| 9. | loanDepot | $2.5 billion |
| 10. | Newrez | $2.4 billion |
When it got here to mortgage refinancing, Detroit-based Rocket Mortgage dominated the roost with $7.7 billion funded final 12 months within the state.
Nonetheless, their crosstown rival UWM (additionally from Michigan) wasn’t far off with $7.0 billion funded.
If Rocket served extra residence patrons in Colorado, they may have challenged the highest spot total.
Coming in third was Chase with $4.5 billion, adopted by native mortgage banker American Financing Corp. with $3.7 billion.
And rounding out the highest 5 was Freedom Mortgage with $3.3 billion. They have a tendency to excel relating to refinance loans.
Others within the prime 10 refinance listing included Homepoint, Wells Fargo, Pennymac, loanDepot, and Newrez.
Prime Mortgage Lenders in Denver
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | UWM | $7.2 billion |
| 2. | Rocket Mortgage | $5.4 billion |
| 3. | Chase | $5.2 billion |
| 4. | American Financing | $3.0 billion |
| 5. | Fairway Impartial | $2.8 billion |
| 6. | U.S. Financial institution | $2.8 billion |
| 7. | Homepoint | $2.8 billion |
| 8. | Wells Fargo | $2.4 billion |
| 9. | loanDepot | $2.3 billion |
| 10. | Newrez | $2.0 billion |
Prime Mortgage Lenders in Colorado Springs
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | Ent Credit score Union | $1.8 billion |
| 2. | UWM | $1.4 billion |
| 3. | Freedom Mortgage | $1.3 billion |
| 4. | Pennymac | $1.2 billion |
| 5. | Rocket Mortgage | $1.2 billion |
| 6. | NBH Financial institution | $615 million |
| 7. | Cherry Creek Mortgage | $557 million |
| 8. | Homepoint | $493 million |
| 9. | loanDepot | $468 million |
| 10. | Chase | $450 million |
Prime Mortgage Lenders in Fort Collins
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | UWM | $550 million |
| 2. | Cornerstone Dwelling Lending | $543 million |
| 3. | Rocket Mortgage | $510 million |
| 4. | Chase | $344 million |
| 5. | First Nationwide Financial institution of Omaha | $342 million |
| 6. | U.S. Financial institution | $275 million |
| 7. | Elevations CU | $267 million |
| 8. | First Western Belief Financial institution | $259 million |
| 9. | Homepoint | $258 million |
| 10. | loanDepot | $249 million |
Prime Mortgage Lenders in Boulder
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | Elevations CU | $1.2 billion |
| 2. | Chase | $720 million |
| 3. | UWM | $558 million |
| 4. | Rocket Mortgage | $510 million |
| 5. | Cherry Creek Mortgage | $398 million |
| 6. | Wells Fargo | $348 million |
| 7. | FirstBank | $305 million |
| 8. | Homepoint | $259 million |
| 9. | Assured Fee | $247 million |
| 10. | loanDepot | $216 million |
Are Colorado’s Prime Mortgage Lenders Additionally the Finest Alternative for Owners?
Whereas dimension can matter relating to selecting a mortgage lender, it isn’t all the time a significant consideration.
As famous, the highest mortgage lender in Colorado isn’t even a retail firm. They function solely through the business-to-business, wholesale lending channel.
This implies working with a smaller mortgage brokerage if you happen to get a mortgage from UWM, which could possibly be a single particular person operating their very own store.
Moreover, just one Colorado-based lender made the top-10 listing, American Financing Corp.
So if you would like an area lender, they won’t even function in these lists. And that’s completely superb, so long as they’re financially sound and above board.
Certain, you may discover that the biggest lender can be the one you want finest, however they don’t essentially have to be large to get the job executed.
As all the time, take your time, do your analysis, acquire a number of quotes, and ask a lot of questions earlier than you proceed.
