The Largest Nonbank Home Purchase Lender in the Nation Is a Wholesaler
Rather surprisingly, a nonbank lender that also happens to be a wholesaler took the second spot for home purchase lending in the second quarter of the year.
United Wholesale Mortgage beat out everyone but wells Fargo:
- The wholesale lender originated $11.2 billion in the second quarter
- Of which $8.3 billion was home purchase loans
- Overall loan volume up 68% year-over-year compared to the six-month mark of 2017
- Highest growth rate among top 25 mortgage lenders in the country