It’s time to take a look at the highest mortgage lenders in Nevada based mostly on their complete mortgage quantity.
Final 12 months, greater than 600 mortgage corporations funded $68 billion in The Silver State.
However there can solely be one #1, and people honors went to an organization you’ve possible heard of.
Sure, Rocket Mortgage was the highest lender within the state, and by a really vast margin.
Learn on to see which different corporations made the highest 10 lists.
Prime Mortgage Lenders in Nevada (General)
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | Rocket Mortgage | $4.4 billion |
| 2. | Guild Mortgage | $2.9 billion |
| 3. | Wells Fargo | $2.6 billion |
| 4. | U.S. Financial institution | $2.6 billion |
| 5. | Pennymac | $2.5 billion |
| 6. | UWM | $2.4 billion |
| 7. | loanDepot | $2.4 billion |
| 8. | Freedom Mortgage | $2.2 billion |
| 9. | Chase | $1.6 billion |
| 10. | Homepoint | $1.4 billion |
Detroit-based Rocket Mortgage funded a stable $4.4 billion in residence loans within the state of Nevada in 2021, per HMDA knowledge from Richey Could.
That was a billion greater than essential to beat out second place Guild Mortgage, which hails out of San Diego and originated $2.9 billion.
In third was San Francisco-based Wells Fargo with $2.6 billion, adopted very intently by U.S. Financial institution’s $2.6 billion.
Rounding out the highest 5 was one other California-based lender, Pennymac, which funded $2.5 billion.
United Wholesale Mortgage (UWM), which works solely with mortgage brokers through the wholesale lending channel, got here in sixth with an in depth $2.4 billion.
The remainder of the highest 10 included loanDepot, Freedom Mortgage, and JPMorgan Chase.
No main surprises within the record, but additionally no Nevada-based mortgage corporations both.
Prime Nevada Mortgage Lenders (for House Consumers)
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | Guild Mortgage | $1.7 billion |
| 2. | U.S. Financial institution | $1.6 billion |
| 3. | UWM | $1.1 billion |
| 4. | Wells Fargo | $968 million |
| 5. | Pennymac | $866 million |
| 6. | Chase | $758 million |
| 7. | loanDepot | $726 million |
| 8. | Rocket Mortgage | $697 million |
| 9. | Assured Fee | $601 million |
| 10. | Homepoint | $594 million |
Once we solely embody residence buy loans, Guild Mortgage is #1 with $1.7 billion funded, adopted intently by U.S. Financial institution with $1.6 billion.
In third was UWM with $1.1 billion, a testomony to the vast use of mortgage brokers within the state for residence buy financing.
Fourth went to Wells Fargo with $968 million, which continues to win mortgage enterprise regardless of its many controversies.
In fifth was Pennymac with $866 million – they do plenty of enterprise through the correspondent lending channel, the place smaller banks and credit score unions resell their merchandise.
The remaining 5 corporations within the high 10 have been Chase, loanDepot, Rocket Mortgage, Assured Fee, and Homepoint.
As soon as once more, zero Nevada-based mortgage lenders within the combine right here, which is shocking as residence buy loans are often dominated by hometown corporations.
Though, Las Vegas-based All Western Mortgage did handle to come back in eleventh place on this class.
Prime Nevada Refinance Lenders (for Current Householders)
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | Rocket Mortgage | $3.6 billion |
| 2. | Freedom Mortgage | $1.9 billion |
| 3. | loanDepot | $1.7 billion |
| 4. | Pennymac | $1.6 billion |
| 5. | Wells Fargo | $1.5 billion |
| 6. | UWM | $1.3 billion |
| 7. | Guild Mortgage | $1.2 billion |
| 8. | Mr. Cooper | $871 million |
| 9. | U.S. Financial institution | $867 million |
| 10. | Chase | $803 million |
Turning our consideration to mortgage refinances, Rocket Mortgage was simply tops with $3.6 billion funded.
That was practically double second place Freedom Mortgage, which managed simply $1.9 billion in refis. They’re the high VA lender and primarily a refinance specialist.
In third was loanDepot with $1.7 billion, adopted by Pennymac with $1.6 billion, and Wells Fargo with $1.5 billion.
Plainly California-based corporations are main the way in which (aside from Michigan’s Rocket), which could have one thing to do with their geographical location bordering Nevada.
Others within the high 10 included UWM, Guild Mortgage, Mr. Cooper, U.S. Financial institution, and Chase.
The Greatest Nevada Mortgage Lenders?
As famous, not one of the high 10 lenders (by quantity) are Nevada-based corporations. As an alternative, most are headquartered in close by California.
Whereas this is sensible, some people may be considering a neighborhood lender, as this will construct belief when coping with an essential life determination similar to a house buy.
I went to Zillow to seek out some buyer critiques, and located that All Western Mortgage, Inc. had probably the most critiques, over 700 of them. And extra importantly, they’ve a 4.99/5 ranking as of this writing.
That’s just about unbeatable, although as famous, they solely managed to make eleventh place within the buy class, and thirteenth total within the state of Nevada.
Nonetheless, when going up in opposition to the massive boys, it’s not a nasty rating.
There’s additionally Valley West Mortgage out of Vegas with a 4.73/5 ranking from over 200 critiques, together with Pinnacle Lending Group, Inc. (4.96/5) and Lone Mortgage (additionally 4.96/5), each with over 100 critiques.
It seems there are numerous, smaller entities working inside the state, possible some impartial mortgage brokers with their very own retailers.
So far as the nationwide manufacturers are involved, additionally they have sturdy critiques on Zillow, with Rocket Mortgage holding a 4.48/5, Guild Mortgage with a 4.96/5, and Wells Fargo with a 4.95/5.
So whether or not you go massive or small, distant or native, you must be capable to discover a dependable mortgage companion within the state of Nevada.
