It’s time to take a look at the highest mortgage lenders in Georgia based mostly on their 2021 mortgage quantity.
These mortgage firms outranked multiple thousand different lenders to take the highest honors.
Total, about $160 billion in house loans was funded in The Peach State final yr, making it one of many greater states volume-wise nationwide.
And taking the #1 spot was Rocket Mortgage, additionally the nation’s largest mortgage lender.
Learn on to see which different firms ranked within the high 10.
High Mortgage Lenders in Georgia (Total)
| Rating | Firm Title | 2021 Mortgage Quantity |
| 1. | Rocket Mortgage | $12.2 billion |
| 2. | Pennymac | $6.6 billion |
| 3. | Wells Fargo | $5.3 billion |
| 4. | Truist | $4.7 billion |
| 5. | UWM | $4.7 billion |
| 6. | Ameris Financial institution | $4.0 billion |
| 7. | Newrez | $3.9 billion |
| 8. | Freedom Mortgage | $3.8 billion |
| 9. | AmeriHome Mortgage | $3.5 billion |
| 10. | Fairway Impartial | $3.1 billion |
Detroit-based Rocket Mortgage, the nation’s greatest mortgage lender, originated a powerful $12.2 billion in house loans in Georgia final yr.
That was practically double their nearest competitor, Pennymac, per HMDA information from advisory firm Richey Could.
SoCal based mostly Pennymac funded about $6.6 billion within the state final yr, and solely a few third of it got here by way of the retail channel.
They principally dole out loans by way of the correspondent lending channel (by way of smaller banks and credit score unions), and thru mortgage brokers within the wholesale channel.
In different phrases, your mortgage might have been originated by a unique firm, however backed by Pennymac.
In third was San Francisco-based Wells Fargo with $5.3 billion funded, one other good exhibiting regardless of their controversies.
They have been adopted intently by Truist Monetary and United Wholesale Mortgage (UWM), each with about $4.7 billion funded.
In sixth was Atlanta, Georgia’s personal Ameris Financial institution with a wholesome $4 billion in house mortgage quantity.
Newrez was a detailed seventh with $3.9 billion, adopted by Freedom Mortgage, AmeriHome, and Fairway Impartial Mortgage.
High Mortgage Lenders in Georgia (for Dwelling Consumers)
| Rating | Firm Title | 2021 Mortgage Quantity |
| 1. | Pennymac | $3.5 billion |
| 2. | Rocket Mortgage | $2.6 billion |
| 3. | Ameris Financial institution | $2.4 billion |
| 4. | UWM | $2.3 billion |
| 5. | Homestar Monetary | $2.2 billion |
| 6. | Truist | $2.1 billion |
| 7. | Fairway Impartial | $2.1 billion |
| 8. | Wells Fargo | $1.9 billion |
| 9. | Newrez | $1.9 billion |
| 10. | AmeriHome Mortgage | $1.9 billion |
If we think about solely house buy lending, the listing modifications fairly a bit and new names floor.
Pennymac was the #1 house buy lender in Georgia with $3.5 billion funded, adopted by Rocket Mortgage with $2.6 billion.
Ameris Financial institution took third with $2.4 billion, that means about 60% of their whole mortgage enterprise is house buy loans.
In fourth was UWM with $2.3 billion, adopted by Gainesville, GA-direct lender Homestar Monetary with $2.2 billion in origination quantity.
Others within the high 10 included Truist Monetary, Fairway Impartial, Wells Fargo, Newrez, and AmeriHome.
High Refinance Lenders in Georgia (for Current Owners)
| Rating | Firm Title | 2021 Mortgage Quantity |
| 1. | Rocket Mortgage | $9.5 billion |
| 2. | Freedom Mortgage | $3.3 billion |
| 3. | Pennymac | $3.1 billion |
| 4. | Wells Fargo | $3.1 billion |
| 5. | UWM | $2.4 billion |
| 6. | Truist | $2.2 billion |
| 7. | loanDepot | $2.2 billion |
| 8. | Mr. Cooper | $2.0 billion |
| 9. | Newrez | $2.0 billion |
| 10. | Higher Mortgage | $1.8 billion |
Now let’s discuss in regards to the greatest refinance lenders in Georgia. As anticipated, Rocket Mortgage completely dominated with $9.5 billion funded.
That was practically triple second place Freedom Mortgage’s $3.3 billion, a testomony to how lively they’re within the state.
In third was Pennymac with $3.1 billion, adopted intently by Wells Fargo with roughly the identical quantity funded.
In fifth was UWM with $2.4 billion, a robust exhibiting since they solely work with mortgage brokers by way of the wholesale channel.
The remainder of the highest 10 included Truist Monetary, loanDepot, Mr. Cooper, Newrez, and struggling lender Higher Mortgage.
High Mortgage Lenders in Atlanta
| Rating | Firm Title | 2021 Mortgage Quantity |
| 1. | Rocket Mortgage | $8.7 billion |
| 2. | Pennymac | $4.2 billion |
| 3. | Wells Fargo | $4.0 billion |
| 4. | UWM | $3.7 billion |
| 5. | Truist | $3.7 billion |
| 6. | Ameris Financial institution | $3.1 billion |
| 7. | Newrez | $3.1 billion |
| 8. | AmeriHome Mortgage | $2.6 billion |
| 9. | Freedom Mortgage | $2.4 billion |
| 10. | loanDepot | $2.4 billion |
Who Are Georgia’s Finest Mortgage Lenders?
I usually head over to Zillow and examine buyer evaluations to find out which mortgage firms are faring finest in a specific state.
Right here’s what I discovered for Georgia. Atlanta-based AmeriSave has a 4.68/5 ranking from over 2,400 evaluations. Not the most effective ranking, however probably the most evaluations by far.
Then there’s Atlanta’s Silverton Mortgage, which has a superior 4.94/5 ranking from about 1,200 evaluations.
Even higher is Ameris Financial institution’s 4.95/5 ranking from practically 900 buyer evaluations, and fellow Atlanta lender First Choice Mortgage’s 4.97/5 from about 1,000 evaluations.
Honorable point out goes to Capital Metropolis Dwelling Loans and its 4.96/5 rating from 300 evaluations.
As for the massive, nationwide manufacturers, Rocket has a 4.48/5, Pennymac a 4.4/5, and Wells Fargo a 4.95/5.
So it seems there are many stable choices, whether or not you utilize a neighborhood, Georgia-based mortgage lender or a nationwide model.
Additionally make sure you take a look at some native mortgage brokers to see what they will provide.
(picture: sailn1)