Top Mortgage Lenders in Pennsylvania

Today we’ll take a look at the top mortgage lenders in Pennsylvania based on their annual loan volume.

The state of Pennsylvania is unique in that it borders both the Midwest and the Northeast.

This means consumers might gravitate toward a big NYC-based bank or a smaller, independent mortgage lender located closer to say Ohio.

Despite these regional nuances, the nation’s top mortgage lender also grabbed the top spot in The Keystone State.

Read on to see who the other big mortgage players are in Pennsylvania.

Top Mortgage Lenders in Pennsylvania (Overall)

Ranking Company Name 2021 Loan Volume
1. Rocket Mortgage $7.9 billion
2. Wells Fargo $7.3 billion
3. Citizens Bank $5.0 billion
4. Allied Mortgage Group $4.1 billion
5. Pennymac $3.2 billion
6. CrossCountry Mortgage $3.0 billion
7. AmeriHome Mortgage $3.0 billion
8. PNC Bank $2.9 billion
9. Newrez $2.9 billion
10. Freedom Mortgage $2.6 billion

You guessed it. The top mortgage lender in Pennsylvania was none other than Rocket Mortgage, which incidentally is also the nation’s #1 lender.

The Detroit-based company originated $7.9 billion in home loans last year, per HMDA data from Richey May.

That was enough to beat out second place Wells Fargo, which came close with $7.3 billion funded during the year.

In third place was Providence, Rhode Island-based Citizens Bank with $5 billion in home loan volume.

Allied Mortgage Group grabbed fourth with $3.2 billion, while big correspondent lender Pennymac took fifth with $3 billion.

Others in the top 10 included CrossCountry Mortgage, AmeriHome Mortgage, PNC Bank, Newrez, and Freedom Mortgage.

Three of the companies are actually based in Pennsylvania, including Allied Mortgage Group (Bala Cynwyd), PNC Bank (Pittsburgh), and Newrez (Fort Washington).

Top Pennsylvania Mortgage Lenders (for Home Buyers)

Ranking Company Name 2021 Loan Volume
1. Wells Fargo $3.0 billion
2. Allied Mortgage $2.4 billion
3. CrossCountry Mortgage $2.0 billion
4. Citizens Bank $1.8 billion
5. AmeriHome Mortgage $1.6 billion
6. Pennymac $1.6 billion
7. Rocket Mortgage $1.5 billion
8. Guaranteed Rate $1.4 billion
9. Prosperity Home $1.2 billion
10. Chase $1.1 billion

If we focus solely on home purchase loans, Wells Fargo topped the list with $3 billion funded in the state of Pennsylvania.

They were followed by Allied Mortgage Group with $2.4 billion and Ohio-based CrossCountry Mortgage…

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