Top wholesale mortgage lender companies in the US
A guide to the top wholesale mortgage lenders in the US that offer a variety of loan programs for every buyer.
What does a wholesale mortgage lender do?
A wholesale mortgage lender provides loans to buyers through third-party mortgage brokers. They serve as a middleman between a mortgage broker company and a bank, focusing solely on the financial side of the lending process. A wholesale lender is different from a retail lender, which is usually a bank or credit union that provides various financial services and uses its own money to make loans. Unlike wholesale mortgage lenders, retail lenders are not specialty institutions and work directly with buyers, offering them products unrelated to home mortgages (e.g. saving accounts and investments). In general, wholesale mortgage lender companies can offer a wider range of loan programs, some of which have less strict requirements geared toward buyers that have a harder time qualifying for a typical mortgage loan.
So if you’re a borrower, you will rarely interact directly with a wholesale mortgage lender. Instead, you’ll find a mortgage broker company to work with, such as Kredium, that can find you a specialized loan program offered by one of the wholesale mortgage lenders that they partner with. However, learning about the top wholesale mortgage lender companies in the US can still help you figure out what loan options might be available, especially if you are an investor or have a specific financial situation.
The companies included in this guide are the top 20 from the Scotsman Guide Top Wholesale Lenders 2023, covered in decreasing order from the highest in terms of wholesale volume in 2022:
United Wholesale Mortgage
Newrez / Caliber Home Loans
loanDepot
PennyMac
Paramount Residential Mortgage Group
Angel Oak Mortgage Solutions
CMG Home Loans
Change Lending
A&D Mortgage
LoanStream Mortgage
Intercoastal Mortgage
Fairway Independent Mortgage Corp
Acra Lending
Kind Lending
American Financial Network
BluePoint Mortgage
NexBank
Oaktree Funding Corp
First National Bank of America
AnnieMac Home Mortgage
Continue reading to learn more about each company, including their background information, recent statistics, state coverage, loan types offered (general and specialized programs as applicable), social media links, and average google rating. Each wholesale mortgage lender company has the loan programs they offer listed, but they may also offer additional programs.
United Wholesale Mortgage
United Wholesale Mortgage has been the top wholesale mortgage lender in the US for 8 consecutive years. They closed on 348,499 loans with a wholesale volume of $127,285,461,611 in 2022. United Wholesale Mortgage, as their name implies, is solely focused on wholesale mortgage services.
Here’s a look at United Wholesale Mortgage:
Headquarters in Pontiac, Michigan
Established in 1986
Licensed in all 50 states
5,000+ employees
General loan types:
Conventional
FHA
VA
USDA
Prime jumbo
Specialized loan types:
Bank statement
Investor flex
One-time close new construction
CEMA
Temporary rate buydowns
Standalone HELOC (20 or 30-year)
Piggyback HELOC (20 or 30-year)
Social media links:
4.3 google rating
Newrez / Caliber Home Loans
Newrez / Caliber Home Loans closed on 216,263 loans with a wholesale volume of $11,000,332,162 in 2022. Caliber Home Loans is part of the Newrez Family of Companies. Newrez is managing all new loans and transitioning to take over Caliber Home Loans’ active applications.
Here’s a look at Newrez:
Headquarters in Fort Washington, Pennsylvania
Established in 2007
Licensed in all 50 states, Guam, Puerto Rico, and the Virgin Islands
940 originators
Non-qm loan types
SmartSelf - bank statement or 1099
SmartVest - for real estate investors and foreign nationals
SmartEdge - ITIN, for those with a past credit event/lapse
General loan types:
Conventional: fixed-rate and adjustable-rate
FHA & streamlines
USDA
VA & IRRRLs
Homeready & Home Possible
Here’s a separate look at Caliber Home Loans*:
Headquarters in Coppell, Texas
Established in 1963
* As Caliber Home Loans transitions into the Newrez Family of Companies, some of these pages and links could become unavailable.
loanDepot
loanDepot closed on 161,401 loans with a wholesale volume of $8,233,827,897 in 2022.
Here’s a look at loanDepot:
Headquarters in Irvine, California
Established in 2010
Licensed in all 50 states
1,766 originators
300+ IT professionals
200+ office locations
Loan types:
Home purchase
Conventional - fixed and adjustable
Jumbo
FHA - including 203k loans
VA
Home refinance
Home equity - HELOC with variable rate
Personal loans
Social media links:
4.4 google rating
PennyMac Loan Services
PennyMac Loan Services closed on 351,699 loans with a wholesale volume of $6,941,663,600 in 2022.
Here’s a look at PennyMac Loan Services:
Headquarters in Westlake Village, California
Established in 2008
Licensed in all 50 states, Guam, Puerto Rico, and the Virgin Islands
16 office locations
201 originators
Loan types
Conventional
Adjustable-rate
Jumbo
FHA
VA
USDA streamlined-assist refinance
Investment property
Home equity - HELOC and cash-out refinance
Paramount Residential Mortgage Group
Paramount Residential Mortgage Group closed on 30,648 loans with a wholesale volume of $3,887,239,729 in 2022.
Here’s a look at Paramount Residential Mortgage Group:
Headquarters in Corona, California
Established in 2001
Licensed in 49 states, all except New York
Nearly 250 office locations - including in Hawaii and Alaska
2,000+ employees
800 originators
Loan types:
Conventional
FHA
VA
Reverse mortgages (HECM) - HECM for purchase and jumbo
Social media links:
4.9 google rating
Angel Oak Mortgage Solutions
Angel Oak Mortgage Solutions closed on 7,333 loans with a wholesale volume of $3,221,940,138 in 2022. They specialize in non-conforming and non-QM loans that offer borrowers flexibility when financing their property, with programs for owner-occupied and non-owner-occupied properties. Nearly 95% of their loan volume in 2022 came from wholesale loans.
Here’s a look at Angel Oak Mortgage Solutions:
Headquarters in Atlanta, Georgia
Established in 2013
Licensed in 46 states, excluding Alaska, Massachusetts, New York, and Vermont
75 originators
Specialized loan types:
Bank statement - including business bank statement elite
1099 income
Investor cash flow (DSCR)
Platinum jumbo
Portfolio select
ITIN mortgage
Asset qualifier
Foreign national
Agency mortgage (conventional)
CMG Home Loans
CMG Home Loans closed on 52,579 loans with a wholesale volume of $3,192,022,628 in 2022.
Here’s a look at CMG Home Loans:
Headquarters in San Ramon, California
Established in 1993
Licensed in all 50 states
Approved for reverse lending in 48 states, all except New York and Massachusetts
800 originators
Loan types:
Conventional - Fannie Mae HomeReady and Freddie Mac HomePossible
FHA
VA
USDA
Jumbo
HomeFundIt - for down payment assistance
All In One
203k renovation
Change Lending
Change Lending closed on 12,329 loans with a wholesale volume of $2,931,783,385 in 2022. Overall, The Change Company offers services as Change Wholesale, Change Lending, Change Appraisals, and xChange. Change Lending is more specifically focused on specialized loan products for underserved communities. 44% of Change Lending’s loan volume in 2022 came from wholesale loans.
Here’s a look at The Change Company:
Headquarters in Anaheim, California
The Change Company was established in 1994
Change Lending was established in 2018
Licensed in 47 states, all except Massachusetts, Missouri, and New York
250 originators for Change Lending
Traditional loan types:
Conventional - Fannie Mae HomeReady and Freddie Mac HomePossible
FHA
VA
USDA
Jumbo
Reverse mortgages
Non-traditional loan types:
Community Mortgage
Alt-doc
Investor
Prime Plus
Foreign national
Agency
Bridge loan
Social media links:
NMLS number (for Change Lending): 1839
4.9 google rating (not headquarters)
A&D Mortgage
A&D Mortgage closed on 7,913 loans with a wholesale volume of $2,705,642,177 in 2022. Nearly 80% of their loan volume in 2022 came from wholesale loans. They are partnered with over 6,000 brokerage companies.
Here’s a look at A&D Mortgage:
Headquarters in Hollywood, Florida
Established in 2012
27 originators
Coverage
Operating in 40+ states
No coverage in Puerto Rico and 5 states: North Dakota, Minnesota, Vermont, Alaska, and Hawaii
Only business purpose loans in 13 states: Montana, New Mexico, Kansas, Oklahoma, Louisiana, Arkansas, Missouri, Iowa, Mississippi, Indiana, West Virginia, Massachusetts, and Maine
General loan types:
Conventional
FHA - high balance and streamline refinance
Prime jumbo
Second mortgage - home equity
Specialized loan types (non-QM):
DSCR
12/24 months bank statements
1y and 2y P&L only
1y or 2y full doc non-QM
1099
WVOE
Asset utilization
Foreign nationals DSCR
Foreign nationals full doc
LoanStream Mortgage
LoanStream Mortgage closed on 6,516 loans with a wholesale volume of $2,609,977,112 in 2022. LoanStream Wholesale is their division dedicated to wholesale services. 95% of their loan volume in 2022 came from wholesale loans.
Here’s a look at LoanStream Mortgage:
Headquarters in Irvine, California
Established in 2001
Coverage in 46 states, except in New York, Vermont, West Virginia, and Wyoming
150 originators
Wholesale lending products:
Conventional
FHA
VA
USDA
RefiNow
JumboONE
MaxONE
Second lien programs - stand-alone and concurrent
Non-QM
Bank statement / Alt doc
Full doc
Asset depreciation
DSCR
Foreign national
1099 only
VOE
40 year I/O
Condotels, short-term rentals
Social media links:
3.9 google rating
Intercoastal Mortgage
Intercoastal Mortgage closed on 5,555 loans with a wholesale volume of $2,588,814,729 in 2022. All of their loan volume in 2022 came from wholesale loans.
Here’s a look at Intercoastal Mortgage:
Headquarters in Fairfax, Virginia
Established in 1987
Coverage in 20 states: Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Kentucky, Maryland, Minnesota, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Vermont, Virginia, and West Virginia
Physical branches in over 20 cities across 6 states: Virginia, West Virginia, Maryland, North Carolina, South Carolina, and Florida
110 originators
Loan types:
Conventional
VA
FHA
USDA
Jumbo and super jumbo
Construction
Renovation
Bridge loans
Social media links:
4.7 google rating
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation closed on 126,942 loans with a wholesale volume of $2,328,038,568 in 2022.
Here’s a look at Fairway Independent Mortgage Corporation:
Headquarters in Madison, Wisconsin
Established in 1996
Licensed in all 50 states
650+ branches - offices in all states except Alaska and West Virginia
6,800+ employees
3,014 originators
Loan types:
Conventional: fixed-rate and adjustable-rate
FHA
VA
USDA
Jumbo
Physician loan mortgage
Refinance
Renovation
Reverse mortgage
Acra Lending
Acra Lending closed on 4,886 loans with a wholesale volume of $1,823,904,146 in 2022.
They are also known by their other trade name: Citadel Servicing Corporation. Acra Lending is a leader in non-QM wholesale and correspondent lending programs and has programs specifically for people that are self-employed, investors, and foreign nationals.
Here’s a look at Acra Lending:
Headquarters in Lake Forest, California
Established in 2003
Licensed for consumer purpose loans in 41 states, excluding Alaska, North Dakota, South Dakota, Iowa, Mississippi, West Virginia, New York, Maryland, Rhode Island.
Can lend directly to investors in Washington DC and 47 states, all except Arkansas, North Dakota, and South Dakota.
70 originators
Specialized loan types:
12-month bank statement
ATR-in-Full
Business purpose
Condotel
Foreign national
Interest only
Investor loans
Investor cash flow / DSCR
ITIN
Jumbo non-QM
Small balance multifamily
1099 only
P&L programs
WVOE
Kind Lending
Kind Lending closed on 6,018 loans with a wholesale volume of $1,821,933,330 in 2022. 90% of their loan volume in 2022 came from wholesale loans.
Here’s a look at Kind Lending:
Headquarters in Santa Ana, California
Established in 2020
Coverage in 47 states, all except Massachusetts, Missouri, and New York
Branches in 9 states: California, Hawaii, Illinois, Tennessee, Nevada, North Carolina, Oregon, Texas, and Wisconsin
80 originators
Loan types:
Conventional
FHA
VA
Jumbo
USDA
Non-QM
Reverse
GSFA Opendoors
CalHFA
Buydown
Social media links:
5.0 google rating
American Financial Network
American Financial Network closed on 20,790 loans with a wholesale volume of $1,467,967,504 in 2022.
Here’s a look at American Financial Network:
Headquarters in Brea, California
Established in 2001
Licensed in all 50 states
240+ office locations
1,150 originators
Loan types:
Conventional
FHA
VA
USDA
Jumbo
Reverse mortgages
Renovation
Down payment assistance
Bank statement
Investment property
Other special circumstance loans
Social media links:
4.9 google rating
BluePoint Mortgage
BluePoint Mortgage closed on 2,462 loans with a wholesale volume of $1,117,607,997 in 2022. 100% of their loan volume in 2022 came from wholesale loans. Another trade name they use is Royal Pacific Funding Corporation.
Here’s a look at BluePoint Mortgage:
Headquarters in Newport Beach, California
Established in 2003
Licensed in 30 states, all except Alaska, Connecticut, Hawaii, Kansas, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Nebraska, New Hampshire, New Mexico, New York, North Dakota, Oklahoma, Rhode Island, South Dakota, Vermont, West Virginia, and Wyoming
4 agents
General loan types:
Conventional - CalHFA conventional
FHA - Zero-down home loan and CalHFA FHA
VA
Temporary buydown
Specialized loan types (non-QM):
DSCR
Bank statement
Full doc
P&L loan
Closed-end second mortgage
1099 loan
Asset utilization
iTIN premier
iTIN close call
Social media links:
4.8 google rating
NexBank
NexBank closed on 25,820 loans with a wholesale volume of $1,096,857,343 in 2022. They offer a range of financial services across the US including institutional, commercial, and mortgage banking services.
Here’s a look at NexBank:
Headquarters in Dallas, Texas
Established in 1922, began wholesale services in 2008
Coverage in 50 states
3 originators
Loan types:
Conforming
Government
Non-conforming jumbo
Non-QM
Social media links:
NMLS number: 672886
2.6 google rating
Oaktree Funding Corp
Oaktree Funding Corp closed on 2,213 loans with a wholesale volume of $1,041,605,464 in 2022. They have three channels of operations including Wholesale, Correspondent, and Retail Lending. However, 78% of their loan volume in 2022 came from wholesale loans.
Here’s a look at Oaktree Funding Corp:
Headquarters in Chandler, Arizona
Established in 1989
Coverage in 38 states, all except Alaska, Hawaii, Mississippi, Missouri, Nebraska, New York, North Dakota, Oklahoma, South Dakota, Vermont, West Virginia, and Wyoming
2 branch locations in California and Pennsylvania
19 originators
General loan types:
FHA
USDA
VA
Reverse mortgages
Jumbo - ARM, fixed, and expanded
Non-QM loan types:
TItanium - purchase or refinance option
Non Agency - bank statement option
Equity - full doc and bank statement
Investor - DSCR
Professional investor - DSCR with no income documentation
Social media links:
NMLS number: 71640
4.4 google rating
First National Bank of America (FNBA)
First National Bank of America closed on 4,749 loans with a wholesale volume of $818,600,543 in 2022. 65% of their loan volume in 2022 came from wholesale loans.
Here’s a look at First National Bank of America:
Headquarters in East Lansing, Michigan
Established in 1955
Coverage in 50 states
3 branch locations in Michigan: East Lansing, Grand Rapids, and Traverse City
25 originators
Non-QM loan types:
Self-employed
1099
ITIN and SSN
Previous credit event
P&L only
Bank statement (personal or business)
Seasoned assets
Commercial loans
Self-directed IRA loans
Social media links:
NMLS number: 413209
4.6 google rating
AnnieMac Home Mortgage
AnnieMac Home Mortgage closed on 13,167 loans with a wholesale volume of $804,458,548 in 2022. They are doing business for American Neighborhood Mortgage Acceptance Company.
Here’s a look at AnnieMac Home Mortgage:
Headquarters in Mount Laurel Township, New Jersey
Established in 2010
Coverage in 47 states, all except Alaska, Iowa, and North Dakota
Office branches in 23 states
359 originators
Loan types:
Conventional
VA
USDA
FHA
Jumbo
Purchase loans
Cash2Keys
Renovation loans
Cash out refi
HELOC
Temp buydown
Pay mortgage
Social media links:
4.8 google rating
Going forward
You’ve now learned about the top 20 wholesale mortgage lender companies in the US, everything from background information, statistics, state coverage, loan types, social media links, and google rating. These wholesale mortgage lender companies can provide an array of loan programs that can be specialized to fit your financial needs.
All you need to do now is find a trustworthy mortgage broker that can work with a wholesale mortgage lender to offer you a loan program. Kredium, as an up-and-coming mortgage broker, can work with you one-on-one to help facilitate the loan origination and application process, and connect you with a loan offered by a wholesale mortgage lender. We partner with a variety of the top wholesale lenders to offer conventional loans, mortgages for foreign nationals, bank statement mortgages, ITIN mortgages, DSCR mortgages, and more. Kredium helps you choose the right lender and provide you with multiple, personalized loan offers to save you both time and money. And our services don’t end there! Our experts can support you from the property search all the way to your mortgage payments. Contact us or get started with our online form today.
Photo Credits:
Photo by Tim van der Kuip | Unsplash