Top mortgage lenders in overall volume in 2014 included Stearnes Lending, of Santa Ana, California, Freedom Mortgage Corp., of Mount Laurel, New Jersey, and Guaranteed Rate, of Chicago, Illinois, according to Scotsman Guide. Other top lenders were Pacific Union Financial, in Irving, Texas, and Academy Mortgage in Sandy, Utah.
Operating in 49 states with 281 originators, Stearnes Lending closed 62,784 loans in 2014, notes Scotsman Guide. The company had been in business for 26 years at the time of the Scotsman Guide ranking. Freedom Mortgage, in business for 24 years, operates in 50 states with 281 originators, and closed 104, 377 loans that year. Guaranteed Rate had been in business for 15 years at the time, operating in 50 states with 850 originators, and closed 42,227 loans in 2014.