Top Mortgage Lenders in North Carolina

Despite being a big banking hub, the top mortgage lenders in North Carolina are mostly nonbanks.

In fact, just three of the top 10 are depository banks, with one credit union and the rest nonbank direct lenders.

However, several of the top lenders in the state also happen to be headquartered in North Carolina.

Those names include Bank of America, Truist Financial, and State Employees’ Credit Union.

Read on to see who topped the list in 2021 for mortgage lending overall.

Top Mortgage Lenders in North Carolina (Overall)

Ranking Company Name 2021 Loan Volume
1. Rocket Mortgage $11.5 billion
2. Wells Fargo $8.1 billion
3. State Employees CU $7.3 billion
4. Truist $6.3 billion
5. Movement Mortgage $5.3 billion
6. Pennymac $4.7 billion
7. Freedom Mortgage $4.0 billion
8. UWM $3.5 billion
9. loanDepot $3.1 billion
10. Bank of America $2.8 billion

Yep, you probably guessed right. Rocket Mortgage was the top mortgage lender in North Carolina last year with $11.5 billion funded, per HMDA data from Richey May.

In second was San Francisco-based bank Wells Fargo with $8.1 billion, followed by Raleigh based-State Employees’ Credit Union with $7.3 billion.

Next up was Charlotte-based Truist Financial with $6.3 billion, formerly two companies (BB&T and SunTrust Bank).

Completing the top five was Movement Mortgage with $5.3 billion, a South Carolina-based direct lender.

The rest of the best included Pennymac, Freedom Mortgage, United Wholesale Mortgage (UWM), loanDepot, and Bank of America.

UWM is a wholesale lender that works exclusively with mortgage brokers, meaning you can’t work with them directly.

Top Mortgage Lenders in North Carolina (for Home Buyers)

Ranking Company Name 2021 Loan Volume
1. Movement Mortgage $3.7 billion
2. Wells Fargo $3.2 billion
3. Truist $2.9 billion
4. State Employees CU $2.9 billion
5. Rocket Mortgage $2.5 billion
6. Pennymac $2.3 billion
7. Atlantic Bay Mortgage $1.9 billion
8. Fairway Independent $1.7 billion
9. Chase $1.4 billion
10. Guaranteed Rate $1.4 billion

If we focus solely on home purchase lending, Fort Mill-based Movement Mortgage was the top dog with $3.7 billion funded.

It was more than enough to beat out Wells Fargo’s $3.2 billion, often the purchase loan king.

In third and fourth were NC’s own Truist and State Employees’ Credit Union, both with about $2.9 billion funded.

In a more distant fifth place was…

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