Top Mortgage Players 1Q16 PDF Format
Overall, originations were down in 1Q16. The results among lenders varied, but in general refinance-heavy lenders did better than purchase-heavy shops. Freedom Mortgage, for example, reported a 17.3 percent increase in originations during the period. More than 60 percent of its agency business in 2015 was refis.
Still, the retail channel did not see much benefit from refinance activity, perhaps because refi “burnout” is presenting fewer opportunities among existing portfolios. Most of the top retail originators lost volume during the first quarter and those acquiring production through correspondents were as likely to drop volume in the period as increase it. Redwood Trust (-43.7 percent) and CMG Mortgage (-46.3 percent) saw the biggest drops while 360 Mortgage Group (+33.1 percent) made the most progress. Brokers, on the other hand, did see an uptick in activity compared to 4Q15. In the wholesale channel, leader United Wholesale Mortgage gained 16 percent over 4Q and 12 percent over 1Q15.
In servicing, share continues to move from the biggest banks to their smaller counterparts, those ranked numbers six through 50. And more nonbanks are breaking into the top ranks. So while the overall servicing business grew just 0.2 percent in 1Q, Quicken Loans (#10) jumped 4.6 percent, RoundPoint Mortgage (#22) was up 9.7 percent and Specialized Loan Servicing (#29) was up 14.2 percent.
Keep track of how the changes are playing out for the industry and its top performers with IMF’s Top Mortgage Players report. Issued quarterly, this report gathers IMF’s gold-standard rankings and analysis of the mortgage industry’s sector leaders into one resource so that you’ll have all the most important mortgage market intelligence at your fingertips each quarter.
Get the rankings and performance stats for the leaders in these categories:
- Mortgage Originations
- Retail Originations
- Wholesale Production
- Correspondent Production
- Broker Production
- GSE Production by Channel
- Refinance Production
- Purchase-Mortgage Production
- Conventional-Conforming Production
- Government-Insured Production
- Primary Mortgage Insurance
Use the charts and accompanying perspective in the Top Mortgage Players report to learn who the market leaders are in the mortgage industry’s niches and how their business has changed from the previous quarter. You’ll also have market-level data that show you which sectors or products are performing well and which aren’t.
Plus, you’ll have overall market statistics that show the activity in these areas:
- Mortgage Origination Indicators
- Originations by Production Channel
- Mortgage Originations by Product
Accompanying analysis provides color on trends in each sector and backstory on changes in the players’ performance.
Use this quarterly report to
- Monitor the market sectors you’re currently conducting business in.
- Evaluate competition in sectors you’re considering expanding to.
- Research potential partners or clients.
Know who’s leading the sectors, by how much,
and what their trajectories look like.
Choose "PDF Format" for immediate download of document. You will also be able to access the document, at any time, through the "My Account" feature on insidemortgagefinance.com.