Top Mortgage Lenders in Nevada

It’s time to check out the top mortgage lenders in Nevada based on their total loan volume.

Last year, more than 600 mortgage companies funded $68 billion in The Silver State.

But there can only be one #1, and those honors went to a company you’ve likely heard of.

Yes, Rocket Mortgage was the top lender in the state, and by a very wide margin.

Read on to see which other companies made the top 10 lists.

Top Mortgage Lenders in Nevada (Overall)

Ranking Company Name 2021 Loan Volume
1. Rocket Mortgage $4.4 billion
2. Guild Mortgage $2.9 billion
3. Wells Fargo $2.6 billion
4. U.S. Bank $2.6 billion
5. Pennymac $2.5 billion
6. UWM $2.4 billion
7. loanDepot $2.4 billion
8. Freedom Mortgage $2.2 billion
9. Chase $1.6 billion
10. Homepoint $1.4 billion

Detroit-based Rocket Mortgage funded a solid $4.4 billion in home loans in the state of Nevada in 2021, per HMDA data from Richey May.

That was a billion more than necessary to beat out second place Guild Mortgage, which hails out of San Diego and originated $2.9 billion.

In third was San Francisco-based Wells Fargo with $2.6 billion, followed very closely by U.S. Bank’s $2.6 billion.

Rounding out the top five was another California-based lender, Pennymac, which funded $2.5 billion.

United Wholesale Mortgage (UWM), which works exclusively with mortgage brokers via the wholesale lending channel, came in sixth with a close $2.4 billion.

The rest of the top 10 included loanDepot, Freedom Mortgage, and JPMorgan Chase.

No major surprises in the list, but also no Nevada-based mortgage companies either.

Top Nevada Mortgage Lenders (for Home Buyers)

Ranking Company Name 2021 Loan Volume
1. Guild Mortgage $1.7 billion
2. U.S. Bank $1.6 billion
3. UWM $1.1 billion
4. Wells Fargo $968 million
5. Pennymac $866 million
6. Chase $758 million
7. loanDepot $726 million
8. Rocket Mortgage $697 million
9. Guaranteed Rate $601 million
10. Homepoint $594 million

When we only include home purchase loans, Guild Mortgage is #1 with $1.7 billion funded, followed closely by U.S. Bank with $1.6 billion.

In third was UWM with $1.1 billion, a testament to the wide use of mortgage brokers in the state for home purchase financing.

Fourth went to Wells Fargo with $968 million, which continues to win mortgage business despite its many controversies.

In fifth was Pennymac with $866 million – they do a lot of business via the correspondent lending channel, where smaller banks and credit unions resell their products.

The remaining five companies in the top 10 were Chase, loanDepot, Rocket Mortgage, Guaranteed Rate, and Homepoint.

Once again, zero Nevada-based mortgage lenders in the mix here, which is surprising as home purchase loans are usually dominated by hometown companies.

Although, Las Vegas-based All Western Mortgage did manage to come in 11th place in this category.

Top Nevada Refinance Lenders (for Existing Homeowners)

Ranking Company Name 2021 Loan Volume
1. Rocket Mortgage $3.6 billion
2. Freedom Mortgage $1.9 billion
3. loanDepot $1.7 billion
4. Pennymac $1.6 billion
5. Wells Fargo $1.5 billion
6. UWM $1.3 billion
7. Guild Mortgage $1.2 billion
8. Mr. Cooper $871 million
9. U.S. Bank $867 million
10. Chase $803 million

Turning our attention to mortgage refinances, Rocket Mortgage was easily tops with $3.6 billion funded.

That was nearly double second place Freedom Mortgage, which managed just $1.9 billion in refis. They are the top VA lender and mainly a refinance specialist.

In third was loanDepot with $1.7 billion, followed by Pennymac with $1.6 billion, and Wells Fargo with $1.5 billion.

It seems that California-based companies are leading the way (other than Michigan’s Rocket), which might have something to do with their geographical location bordering Nevada.

Others in the top 10 included UWM, Guild Mortgage, Mr. Cooper, U.S. Bank, and Chase.

The Best Nevada Mortgage Lenders?

As noted, none of the top 10 lenders (by volume) are Nevada-based companies. Instead, most are headquartered in nearby California.

While this makes sense, some folks might be interested in a local lender, as this can build trust when dealing with an important life decision such as a home purchase.

I went to Zillow to find some customer reviews, and found that All Western Mortgage, Inc. had the most reviews, over 700 of them. And more importantly, they have a 4.99/5 rating as of this writing.

That’s pretty much unbeatable, though as noted, they only managed to make 11th place in the purchase category, and 13th overall in the state of Nevada.

Still, when going up against the big boys, it’s not a bad ranking.

There’s also Valley West Mortgage out of Vegas with a 4.73/5 rating from over 200 reviews, along with Pinnacle Lending Group, Inc. (4.96/5) and Lone Mortgage (also 4.96/5), both with over 100 reviews.

It appears there are many, smaller entities operating within the state, likely some independent mortgage brokers with their own shops.

As far as the national brands are concerned, they also have strong reviews on Zillow, with Rocket Mortgage holding a 4.48/5, Guild Mortgage with a 4.96/5, and Wells Fargo with a 4.95/5.

So whether you go big or small, far away or local, you should be able to find a reliable mortgage partner in the state of Nevada.

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