Could Detroit become Mortgage City? It now boasts 2 top lenders
Metro Detroit may be a long way from the financial canyons of Wall Street, but the Motor City does appear to be growing past New York's financial powerhouses in at least one category — mortgage lending.
As of early 2019, Quicken Loans in Detroit and United Shore based in Pontiac rank No. 1 and No. 2 in the nation for their volumes of mortgage lending, according to industry data reported by the Inside Mortgage Finance service. That outstripped giants in the field such as Wells Fargo, JPMorgan Chase and Bank of America.