2017 passed with some of the best mortgage lenders bringing in a lot of business and helping many Americans realize their dream of owning a home. With their trusted reputation and quick processes, here is a list of the best mortgage lenders of 2017:
Quicken Loans has surpassed the performance of all other competitors and was touted as the top choice among the best mortgage lenders of 2017. It is a Detroit-based operation and left behind about 30,000 lenders in the list. The most significant factor that worked in the advantage of Quicken Loans is that they shifted their working from a traditional office set up to an online portal, making it quite a favorite for borrowers looking for mortgages at the touch of a click.
By the end of the fourth quarter of 2017, Wells Fargo recovered from the losses that it suffered due to the reputation debacle in the year 2016. It reported a whopping growth of $1.7 billion as compared to the third quarter with a total revenue of $23 billion in the entire year. Even though they were overtaken by Quicken Loans which reported a revenue of $25 billion, the San Francisco-based company still managed to stay at the second position in the list of best mortgage lenders of 2017.
Bank of America
Revenue-wise, the third position goes to the Bank of America which reported $13 billion of earnings in the mortgage market. Being a trusted name in the traditional market as well as having a large consumer database, the leading bank is a preferred option for an array of financial services.
While the statistics may vary, even names like Chase, PennyMac, US Bank, and Nationstar did a great job in providing mortgages to borrowers who were in need. Their reputation still stands for the year and if you are looking at buying a house this year, then these names should definitely top your list of consideration.
The other choices in our list of the best mortgage lenders of 2017 are Loan Depot, U.S. Bank, Caliber Home Loans, Flagstar Bank, and United Wholesale Mortgage. When you are looking for a mortgage, remember these options are the best for you!