8/14/2013

Direct Lender



Lenders like to say they are direct. They also say they are big or have assets or they are fast. They just might be wearing a funny hat and can't close your home on time

Here are the top twenty Companies and banks that Closed Mortgage Loans in the United States in 2012.

Flagstar BankTroy, MI$53,586,827,00094%/6%221,237$26,612,567,9042,8715020
2Guaranteed RateChicago, IL$14,710,666,0930%/100%53,411$6,800,000,0007504912
3Freedom Mortgage Corp.Mount Laurel, NJ$13,772,356,12071%/29%65,163$3,589,663,4841255023
4PrimeLending, PlainsCapital CompanyDallas, TX$13,735,022,8250%/100%66,670$8,787,254,1881,1855027
5Stearns Lending Inc.Santa Ana, CA$11,810,814,44882%/18%48,655$5,692,804,0905604923
6Pinnacle Capital Mortgage Roseville, CA$7,647,142,66732%/68%29,732$4,999,555,953995135
7Sierra Pacific Mortgage Co. Inc.Folsom, CA$7,559,405,05875%/25%29,917$5,162,249,7253684827
8Mortgage Master Inc.Walpole, MA$7,305,861,6380%/100%23,809$5,285,471,5642502225
9United Shore Financial Services LLCTroy, MI$7,041,740,63488%/12%34,091$1,797,284,739754927
10Fremont BankFremont, CA$7,000,016,43124%/76%25,024$3,771,706,00033349
11George Mason Mortgage LLCFairfax, VA$6,577,775,13538%/62%18,617$3,893,934,5381551026
12W.J. Bradley Mortgage Capital LLCCentennial, CO$6,495,740,6570%/100%22,187$2,378,546,3014402211
13Guild Mortgage Co.San Diego, CA$6,441,077,57810%/90%31,691$3,571,310,4648023752
14Fairway Independent Mortgage Corp.Sun Prairie, WI$6,001,390,6138%/92%29,377$3,609,673,1495224516
15Caliber Funding LLCIrving, TX$5,484,274,22465%/35%23,068$891,506,517211475
16Cole Taylor MortgageAnn Arbor, MI$5,187,000,00081%/19%20,617$1,880,000,000413
17Primary Residential Mortgage Inc.Salt Lake City, UT$4,990,129,7960%/100%25,715$3,473,560,0288315014
18New Penn FinancialPlymouth Meeting, PA$4,773,680,00041%/59%19,268$1,492,728,813468465
19Academy MortgageSandy, UT$4,663,752,4240%/100%25,935$3,327,846,3917054425
20Mortgage Services III LLCBloomington, IL$4,599,082,17280%/20%20,699$2,880,410,086122426

W.J. Bradley was number 12 last year and in June of 2013 we were number five. The only Bank on the list is Flagstar - forget about Wells Fargo, Chase, Bank of America they aren't in the top 150.

My company has the smallest number of  mortgage loan originators in the top 50. We also have the fastest turn time. Caroline Gerardo with W J Bradley closed purchase loans in eleven days. Think of me as the little engine that could. Call and find out what is the difference between a real direct lender who has assets to weather the storm.

(949) 637-8190  C. G. Barbeau  NMLS # 324982