The new HMDA data is out and Managing Editor James Kleimann has distilled thetop 15 lenders from 2020 for easy reference, with deeper dives on the rest of the data still to come. (With a shoutout to iEmergent for the assist!)
You can slice and dice the stats in a hundred ways — we ranked lenders based on the number of loans issued. We also broke down total origination volume, as well as purchase and refi volume. The results are illuminating.
Some of the leaders are what you would expect, but the sheer numbers are really stunning. For example, Rocket issued more than 1 million loans in 2020. By volume that's more than the next two lenders — UWM and Freedom — combined.
Looking just at purchase loans, though, UWM bests Rocket with $42.99 billion in volume versus $36.96 billion. But compare any of this to 2019 data and you start to see what a truly stellar year we saw in 2020.
Atticus LeBlanc, the founder of PadSplit, a company that claims it's disrupting the affordable housing marketplace, discusses how the nation's eviction moratoriums could cause long-term issues for housing affordability and why he believes America needs more "upzoning" to help with the affordable housing crisis.
Maxwell will use the funding to accelerate value to community lenders. Today, the company helps 250+ lenders offer top borrower experience and close loans 50% faster than the national average. To learn about Maxwell's ambitious plans, click here.
As call volumes have spiked to a level not seen since last April, lenders and servicers need to prepare for a significant increase in their workload as they help borrowers through difficult times. Presented by Computershare Loan Services
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