Quicken Loans originated the highest number of home purchase loans in 2019, more than any other lender, according to a new analysis from Ascent, a personal finance resource produced by The Motley Fool. Wells Fargo closed loans totaling more than $305 billion in 2019, 73% higher than its nearest competitor.
Ascent looked at the top mortgage lenders from 2019 to determine who was originating the most loans, closing the most dollars’ worth of loans, and completing the highest percentage of their business with minorities and low-income borrowers.
Of more than 11,000 lending institutions, the top 25 issued 88% of the loans originated last year.
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