It’s time to take a look at the highest mortgage lenders in Oklahoma based mostly on closed mortgage quantity.
These are the businesses that funded the biggest greenback quantity of residence loans within the Sooner State.
Over 700 mortgage corporations funded roughly $33 billion in residence loans within the state throughout 2021.
When it comes to who took first place, it was very shut, with two corporations funding almost the identical precise quantity.
However just one can maintain the crown. Learn on to see who snagged the highest spot, together with these touchdown within the top-10.
High Mortgage Lenders in Oklahoma (General)
Rating | Firm Title | 2021 Mortgage Quantity |
1. | U.S. Financial institution | $1.7 billion |
2. | Rocket Mortgage | $1.7 billion |
3. | First United Financial institution | $1.3 billion |
4. | Arvest Financial institution | $1.1 billion |
5. | Wells Fargo | $1.1 billion |
6. | Related Mortgage | $925 million |
7. | AmeriHome Mortgage | $892 million |
8. | Cornerstone Residence Lending | $878 million |
9. | Pennymac | $853 million |
10. | Gateway Mortgage | $840 million |
As famous, issues have been extraordinarily tight on the high, however U.S. Financial institution edged out Rocket Mortgage for the #1 spot.
Each corporations originated roughly $1.7 billion in residence loans in Oklahoma in 2021, per HMDA information from Richey Might.
However U.S. Financial institution did that little bit extra. Nevertheless, Rocket closed extra loans, about 9,500 versus 8,800.
Taking third was Durant, Oklahoma’s personal First United Financial institution with $1.3 billion funded, adopted by Arvest Financial institution and Wells Fargo, every with about $1.1 billion.
The underside half of the highest ten included Related Mortgage Corp., AmeriHome Mortgage, Cornerstone Residence Lending, Pennymac, and Gateway Mortgage Group.
High Oklahoma Mortgage Lenders (for Residence Patrons)
Rating | Firm Title | 2021 Mortgage Quantity |
1. | U.S. Financial institution | $1.3 billion |
2. | First United Financial institution | $899 million |
3. | Related Mortgage | $719 million |
4. | AmeriHome Mortgage | $660 million |
5. | Cornerstone Residence Lending | $613 million |
6. | Gateway Mortgage | $593 million |
7. | Arvest Financial institution | $585 million |
8. | Wells Fargo | $530 million |
9. | Pennymac | $512 million |
10. | BancFirst | $423 million |
If we filter the record to solely embody residence buy loans, U.S. Financial institution extends its lead on the high with $1.3 billion funded.
That’s far more than second place First United Financial institution’s $899 million, and almost double Related Mortgage’s $719 million.
Fourth place went to AmeriHome with $660 million funded, adopted by Cornerstone with $613 million.
The remainder of the very best included Gateway Mortgage Group, Arvest Financial institution, Wells Fargo, Pennymac, and Oklahoma Metropolis, OK-based BancFirst.
High Refinance Lenders in Oklahoma (for Present Householders)
Rating | Firm Title | 2021 Mortgage Quantity |
1. | Rocket Mortgage | $1.3 billion |
2. | Freedom Mortgage | $677 million |
3. | Wells Fargo | $486 million |
4. | Arvest Financial institution | $468 million |
5. | BOK Monetary | $411 million |
6. | First United Financial institution | $396 million |
7. | U.S. Financial institution | $368 million |
8. | Pennymac | $341 million |
9. | loanDepot | $287 million |
10. | Mortgage Clearing Corp. | $284 million |
When it got here to mortgage refinances, Rocket Mortgage simply took first place with $1.3 billion funded.
That was almost double second place Freedom Mortgage, which makes a speciality of authorities lending like VA loans.
Wells Fargo took third place with almost a half billion in refis, adopted by Arvest Financial institution and Tulsa-based BOK Monetary.
First United Financial institution, U.S. Financial institution, Pennymac, loanDepot, and Tulsa-based Mortgage Clearing Corp. held positions six by 10.
High Mortgage Lenders in Oklahoma Metropolis
Rating | Firm Title | 2021 Mortgage Quantity |
1. | U.S. Financial institution | $995 million |
2. | Cornerstone Residence Lending | $666 million |
3. | Rocket Mortgage | $657 million |
4. | First United Financial institution | $559 million |
5. | Wells Fargo | $523 million |
6. | AmeriHome Mortgage | $446 million |
7. | Freedom Mortgage | $433 million |
8. | Pennymac | $393 million |
9. | Gateway Mortgage | $331 million |
10. | BOK Monetary | $304 million |
Who Are the Finest Mortgage Lenders in Oklahoma?
Largest is one factor, however what about greatest? For the latter, I have a look at buyer opinions to see what owners consider all these corporations.
And I sometimes head over to Zillow to take a look at their mortgage opinions.
Essentially the most reviewed Oklahoma-based lender on the location is Gateway Mortgage, which boasts a 4.96/5-star score from almost 5,000 opinions.
That’s fairly stable, although not fairly pretty much as good as BOK Monetary’s 4.97/5 score from about 4,000 opinions.
So far as Oklahoma-based corporations go, these are the massive ones by way of opinions. It drops off fairly a bit from there.
In the meantime, U.S. Financial institution has an excellent higher 4.98/5 score from over 12,000 opinions, Rocket Mortgage is rated 4.48/5, First United has a 4.97/5, and Arvest Financial institution has a 4.99/5 score.
There are various smaller native mortgage corporations and mortgage brokers to take a look at as effectively.
Take the time to match the numerous completely different choices out there to you, whether or not it’s an area credit score union, mortgage dealer, regional financial institution, or nationwide model.
(photograph: Tony Hisgett)