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US Mortgage

Top wholesale mortgage lender companies in the US

Author: Kata Hahn
Publish date: 05 Sep 2023

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: 

  1. United Wholesale Mortgage

  2. Newrez / Caliber Home Loans

  3. loanDepot

  4. PennyMac

  5. Paramount Residential Mortgage Group 

  6. Angel Oak Mortgage Solutions

  7. CMG Home Loans

  8. Change Lending

  9. A&D Mortgage

  10. LoanStream Mortgage

  11. Intercoastal Mortgage 

  12. Fairway Independent Mortgage Corp

  13. Acra Lending

  14. Kind Lending

  15. American Financial Network 

  16. BluePoint Mortgage

  17. NexBank

  18. Oaktree Funding Corp

  19. First National Bank of America

  20. 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)

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

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

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: 

  • 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 

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

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: 

  • 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: 

  • 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: 

  • 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.

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Wholesale mortgage lender Wholesale mortgage lender company Top wholesale mortgage lender Top wholesale mortgage lender company Top US wholesale mortgage lender Top US wholesale mortgage lender companies Wholesale mortgage lenders in the US United Wholesale Mortgage Caliber Home Loans loanDepot PennyMac Loan Services Newrez 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
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