Top ten mortgage lenders in the United States are listed below. Dealing with one of these companies may be the easiest way to get a good loan at a reasonable price, and be certain that your financial future is safe.
1. Fannie Mae/Freddie Mac
The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, was founded in 1938 during the Great Depression as part of the New Deal. It is a government-sponsored enterprise (GSE) and has been a publicly traded company since 1968. The corporation’s purpose is to expand the secondary mortgage market by securitizing mortgages in the form of mortgage-backed securities (MBS), allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on locally based savings and loan associations (aka “thrifts”)………Read more on Wikipedia
The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac, is a public government-sponsored enterprise (GSE), headquartered in the Tyson’s Corner CDP in unincorporated Fairfax County, Virginia.
The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with Fannie Mae, Freddie Mac buys mortgages on the secondary market, pools them, and sells them as a mortgage-backed security to investors on the open market. This secondary mortgage market increases the supply of money available for mortgage lending and increases the money available for new home purchases……….Read more on Wikipedia
2. Wells Fargo Mortgage
Wells Fargo & Company is an American multinational banking and financial services holding company which is headquartered in San Francisco, California, with “hubquarters” throughout the country. It is the fourth largest bank in the U.S. by assets and the second largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home mortgage servicing, and debit cards. In 2011, Wells Fargo was the 23rd largest company in the United States……….Read more on Wikipedia
3. Bank of America
Bank of America (abbreviated as BofA) is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is the second largest bank holding company in the United States by assets. As of 2013, Bank of America is the twenty-first largest company in the United States by total revenue. In 2010, Forbes listed Bank of America as the third biggest company in the world……….Read more on Wikipedia
JPMorgan Chase Bank, N.A., doing business as Chase, is a national bank that constitutes the consumer and commercial banking subsidiary of the multinational banking corporation JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000. Chase Manhattan Bank was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in Chicago, since its merger with Bank One Corporation in 2004. In 2008, the bank acquired the deposits and most assets of Washington Mutual. Chase offers more than 5,100 branches and 16,100 ATMs nationwide. JPMorgan Chase has 260,965 employees (as of 2012) and operates in more than 85 countries. JPMorgan Chase currently has assets of approximately US$2.515 trillion. JPMorgan Chase, through its Chase subsidiary, is one of the Big Four banks of the United States.…….Read more on Wikipedia
5. Ally Bank
Ally Bank is a unit of Ally Financial, headquartered in Detroit, Michigan, which became a bank holding company in December 2008. The bank is headquartered in Midvale, Utah. It operated two offices in the United States, one in Utah and one in Pennsylvania, and has 616 employees as of June 2009. The bank has no branches and customers handle their banking affairs entirely online. In 2008, Ally Financial participated in the bailout of U.S. banks, but as of 2014 the majority of shares in the company had been returned to public trading following an IPO.
Its Canadian operation, called Ally, was bought by the Royal Bank of Canada (RBC) in 2013, for $3.8 billion (CAN). It was indicated that Ally has been selling assets to repay its U.S. government loans. In Canada, Ally provided financing for 600 automotive dealerships across the country (and had 450,000 customers with personal deposits). RBC indicated this was a strategic purchase to become a dominant player in automotive financing. No new “Ally” accounts can be opened in Canada; in April 2013, the remaining Canadian savings accounts were closed with funds transferred to alternative institutions.
Ally Bank operates primarily as a direct bank that markets to customers offering savings products, including certificates of deposit (CDs), online savings accounts, money market accounts and checking accounts……….Read more on Wikipedia
Citigroup Inc. or Citi is an American multinational banking and financial services corporation headquartered in Manhattan, New York City. Citigroup was formed from one of the world’s largest mergers in history by combining the banking giant Citicorp and financial conglomerate Travelers Group in October 1998 (announced on April 7, 1998). As of January 2015, it is the third largest bank holding company in the US by assets. Its largest shareholders include funds from the Middle East and Singapore. At its height until the global financial crisis of 2008 Citigroup was the largest company and bank in the world by total assets with 357,000 employees. In 2007, Citigroup was one of the primary dealers in US Treasury securities. Citigroup had the world’s largest financial services network, spanning 140 countries with approximately 16,000 offices worldwide and holds over 200 million customer accounts in more than 140 countries.…Read more on Wikipedia
7. U.S. Bank Home Mortgage
U.S. Bancorp is an American diversified financial services holding company headquartered in Minneapolis, Minnesota. It is the parent company of U.S. Bank National Association, the fifth largest bank in the United States based on $410.0 billion in assets (as of March 31, 2015 per official FDIC data) and fourth largest in the US in total branches. U.S. Bank ranks as the fifth largest bank in the U.S. based on deposits, with $263.7B in deposits as of June 30, 2014. U.S. Bank’s branch network serves 25 Midwestern and Western states with 3,172 banking offices and 5,016 ATMs. U.S. Bancorp offers regional consumer and business banking and wealth management services, national wholesale and trust services and global payments services to over 15.8 million customers. The company employs over 65,000 people. U.S. Bank is a nationally chartered bank, regulated by the Office of the Comptroller of the Currency, Department of the Treasury.…..Read more on Wikipedia
8. PHH Mortgage
The PHH Corporation (NYSE: PHH) is an American financial services corporation headquartered in Mount Laurel, New Jersey which provides mortgage services to some of the world’s largest financial services firms. PHH is the biggest U.S. outsourcer of home loans, processes and originates mortgages on behalf of small banks and some of the world’s largest financial firms, including Morgan Stanley and HSBC Holdings Plc.…..Read more on Wikipedia
PHH Mortgage Verified Linkedin account: PHH Mortgage Linkedin Page
PHH Mortgage Website: PHHMortgage.com
For home financing options:
If you would like to apply for a mortgage or if you have questions about your loan application, you can call (800) 210-8849or or visit PHH consumer mortgage website at PHHMortgage.com
For questions relating to your current mortgage, contact Servicing department at:
P.O. Box 5452
Mount Laurel, NJ 08054-5452
Phone: (800) 297-9973
9. SunTrust Bank
SunTrust Banks, Inc., is an American bank holding company. The largest subsidiary is SunTrust Bank. It had US$175 billion in assets as of December 31, 2013. SunTrust Bank’s most direct corporate parent was established in 1891 in Atlanta, where its headquarters remain.
SunTrust operates 1,497 bank branches and 2,243 ATMs across Southern states, including Alabama, Arkansas, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, and Washington, D.C.…..Read more on Wikipedia
10. Provident Funding Associates
Provident Funding is a National residential mortgage lender that provides home loans throughout the United States. Provident Funding is a name unfamiliar to many, but with a 1.6% total of market share and a mortgage portfolio of $5.2 billion.
BBB® Accredited A+ Rating
Type: California Department of Business Oversight
Type of Entity: Limited Liability Partnership
Contact Information: Mr. Doug Pica (COO)
Number of Employees: 50
Business Category: Mortgage Brokers
Alternate Business Names: Provident Portfolio
BBB records show a license number of 4150016 for this company……Read more on BBB.org
Provident Funding Verified Linkedin Page: Provident Funding on Linkedin
Provident Funding Website: Provident.com
LOAN SERVICING CENTER
To reach our loan servicing department
Toll-free number: 1-800-696-8199
Business Hours: 5:00 AM to 5:00 PM PT Mon-Fri
To file a complaint use following address:
Provident Funding Associates, L.P. – Customer Service
P.O. Box 5914
Santa Rosa, CA 95402-5914
Provident Funding does not originate the following:
- Cash-Out Refinance loans in the state of Texas.
- Interest Only loans in the state of Illinois.
- ARM loans with an initial fixed period of 3 years or less in the state of Illinois.
- Loans secured by Condominiums in the state of Florida.
- Second mortgages or home equity lines of credit.
Following are few other famous Mortgage Lenders of USA:
- Auburn National Bancorporation
- Aurora Bank
- CLD Capital
- Commercial Loan Direct
- Denali Alaskan Home Loans
- First California Mortgage
- Foundation Financial Group
- GSF Mortgage Corporation
- Guaranteed Rate
- Guidance Residential
- James B. Nutter & Company
- Northway Bank
- PennyMac Loan Services
- WMC Mortgage
- Wyndham Capital Mortgage
- Zeus Mortgage