Top Mortgage Lenders in Utah

If you’re curious who the top mortgage lenders in Utah are, I’ve got some answers.

Last year, more than 500 lenders in The Beehive State originated nearly $100 billion in home loans.

But one mortgage company far exceeded the others, so much so that it wasn’t even close.

Interestingly, this company isn’t headquartered in the state of Utah, nor does it operate retail locations.

I’m talking about United Wholesale Mortgage, or UWM for short. Read on to see who else ranked in the top 10.

Top Mortgage Lenders in Utah (Overall)

Ranking Company Name 2021 Loan Volume
1. UWM $9.3 billion
2. Rocket Mortgage $4.5 billion
3. Intercap Lending $3.6 billion
4. Mountain America CU $2.9 billion
5. First Colony Mortgage $2.9 billion
6. Homepoint $2.7 billion
7. America First CU $2.4 billion
8. Academy Mortgage $2.2 billion
9. SecurityNational $2.1 billion
10. Wells Fargo $2.1 billion

Yep, a wholesale mortgage lender topped the rankings in the state of Utah, originating about $9.3 billion there in 2021, per HMDA data from Richey May.

As such, we might say that a legion of mortgage brokers is #1, as wholesale lenders rely on these intermediaries to generate all their business.

What’s surprising is the margin above second place Rocket Mortgage, which funded just $4.5 billion there.

This meant UWM doubled the volume of its nearest competitor, who also happens to be the top lender nationwide.

In third was Draper, Utah-based Intercap Lending, which originated $3.6 billion in its home state.

In fourth was fellow Utah company Mountain America Credit Union, a Sandy-based company that funded $2.9 billion.

Rounding out the top five was Orem-based First Colony Mortgage Corp. with a similar $2.9 billion.

It’s not often that you see three of the top five lenders of a particular state headquartered within the state.

But wait, there’s more! After six placed Homepoint’s $2.7 billion came Ogden-based America First Credit Union with $2.4 billion in seventh.

They were followed by Academy Mortgage (yep, also from Utah), SecurityNational Mortgage (also Utah), and finally Wells Fargo

All told, six of the top 10 mortgage lenders in Utah are Utah-based companies, which could be some kind of a record for an individual state.

Top Utah Mortgage Lenders (for Home Buyers)

Ranking Company Name 2021 Loan Volume
1. UWM $3.1 billion
2. Intercap Lending $2.0…

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