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Mortgage rates have been volatile in recent months, but the roster of the biggest and most active mortgage lenders has stayed stable in the past year.

Rocket Mortgage and United Shore Financial remained first and second by volume of loans originated in 2021, unchanged from 2019 and 2020. Most of the other names in the top 10 stayed the same, too.

There was some maneuvering on the list, however. In one big move, LoanDepot jumped into third place, up from fifth place a year ago. Meanwhile, U.S. Bank fell out of the top 10 altogether, and Bank of America fell from the ranking by number of loans (although the megabank stayed in the top 10 by dollar volume). The shift underscores both aggressive growth by non-bank lenders and some traditional banks’ waning interest in mortgage origination.

The 10 largest lenders accounted for fully 28 percent of all U.S. home loans originated in 2021. These rankings are based on a Bankrate analysis of preliminary Home Mortgage Disclosure Act data, with an assist from ComplianceTech’s

The 10 biggest lenders

The top 10 lenders by number of mortgages originated last year:

  1. Rocket Mortgage. The biggest by a large margin, Rocket originated more than 1.2 million loans worth $340 billion in 2021, according to HMDA data. After posting massive growth in 2020, Rocket showed a more modest 8 percent increase in number of loans originated from 2020 to 2021.