The top three mortgage lenders of 2014 in the United States by market share are Wells Fargo, JPMorgan Chase and Company, and Quicken Loans, reports The Charlotte Observer. The combined 2014 market share of the three companies was 26.4 percent. Other top mortgage lenders include The Federal National Mortgage Association, popularly known as Fannie Mae, and the Federal Home Loan Mortgage Corporation, which is colloquially referred to as Freddie Mac, explains Homes Mortgage Loan.Continue Reading
Other top mortgage lenders of 2014 by market share include Bank of America, which controlled 4.4 percent of the market, and U.S. Bancorp, which had a 3 percent market share, explains The Charlotte Observer, citing a report by the Inside Mortgage Finance publication. Ally Bank, CitiMortgage, U.S. Bank Home Mortgage, PHH Mortgage and Santrust Bank are other top mortgage lenders, according to Home Mortgage Loan.
When ranked by customer satisfaction, the top three mortgage lenders of 2014 were Quicken Loans, JPMorgan Chase and Regions Mortgage, according to a report by JD Power and Associates. Other highly rated banks of 2014 by that metric are Wells Fargo, Branch Banking & Trust Company, Flagstar Bank, Suntrust Mortgage and U.S. Bank. Other lenders of 2014 with customer satisfaction levels exceeding the industry average were M&T Mortgage and PNC Mortgage.Learn more about Credit & Lending