HMDA 2025 · LIVE

MARKET INTELLIGENCE

U.S. Mortgage Origination Market

HMDA public data · activity years 2018–2025

You're viewing public market data. A free account unlocks lender dossiers, search, and benchmarks.

Total volume 2025

$2.41T

+18.3% vs 2024

2024: $2.03T

Originations

6,827,891

+10.6% vs 2024

2024: 6,176,052

Avg denial rate

18.0%

−1.6pp vs 2024

2024: 19.5% · denied / actioned

Active lenders

4,782

−126 reporters

2024: 4,908 reporters

Origination volume & count

Total market, by activity year

$ VOLUME · HOVER FOR UNITS
$0$625B$1.3T$1.9T$2.5T202320242025$2.41T

Top originators — league table

Ranked by 2025 origination volume · click any lender to open the dossier

#LENDERVOLUMEUNITSYOYSHARE
1

United Wholesale Mortgage

Pontiac, MI
$164.32BUnited Wholesale Mortgage422,120 loans · 6.8% of 2025 volume422,120+17.6%6.8%2

Rocket Mortgage

DETROIT, MI
$116.16BRocket Mortgage429,332 loans · 4.8% of 2025 volume429,332+19.1%4.8%3

JPMorgan Chase Bank, NA

Columbus, OH
$66.29BJPMorgan Chase Bank, NA94,243 loans · 2.8% of 2025 volume94,243+30.9%2.8%4

Crosscountry Mortgage, LLC

Cleveland, OH
$49.14BCrosscountry Mortgage, LLC125,099 loans · 2.0% of 2025 volume125,099+24.6%2.0%5

Wells Fargo Bank NA

MINNEAPOLIS, MN
$48.20BWells Fargo Bank NA41,562 loans · 2.0% of 2025 volume41,562+25.6%2.0%6

Bank of America NA

Westlake Village, CA
$37.29BBank of America NA88,530 loans · 1.5% of 2025 volume88,530+24.4%1.5%7

Pennymac Loan Services LLC

WESTLAKE VILLAGE, CA
$35.39BPennymac Loan Services LLC100,816 loans · 1.5% of 2025 volume100,816+56.1%1.5%8

US Bank, N.A.

CINCINNATI, OH
$33.01BUS Bank, N.A.74,635 loans · 1.4% of 2025 volume74,635+9.9%1.4%9

Guaranteed Rate, Inc.

CHICAGO, IL
$29.19BGuaranteed Rate, Inc.70,579 loans · 1.2% of 2025 volume70,579+18.4%1.2%10

Cmg Mortgage Inc

SAN RAMON, IL
$27.57BCmg Mortgage Inc70,353 loans · 1.1% of 2025 volume70,353+26.5%1.1%