A variety of mortgage origination statistics have been reported for home lenders, including rural lending and lending in the Big Apple.
Residential loan production exceeded $150 billion last year at the Mortgage Collaborative, a Dec. 20 announcement indicated.
The San Diego-based organization, which was founded in 2013, reported that 50 new lenders joined the association during 2016.
Wells Fargo Bank, N.A., closed 2,081 mortgages in New York last year, PropertyShark reported on Dec. 15, making it the biggest lender in the city.
No. 2 was JPMorgan Chase Bank, N.A., with 1,584 units; then Citizens Bank, N.A.’s 591; First American International Bank’s 338; and Citibank, N.A.’s, 331.
When it came to just New York’s jumbo lending, though, Chase dominated with $0.414 billion
in originations, PropertyShark said.
Wells Fargo’s $0.242 billion followed, then First Republic Bank’s $0.187 billion, Bank of America Corp.’s $0.235 billion and Citizens Bank’s $0.087 billion.
PrimeLending issued a Dec. 12 statement indicating that its was recognized by the U.S. Department of Agriculture as one of the largest originators of Guaranteed Rural Housing Loans in Missouri.
Irvine, California-based Citadel Servicing Corp. closed more than $0.5 billion in home loans during all of 2016, Inside Mortgage Finance reported.
