Annually, I compile the highest 10 mortgage refinance firms by mortgage quantity.
This implies the mortgage lenders closing probably the most refinance loans within the nation versus the competitors.
The undisputed chief was United Wholesale Mortgage, or UWM for brief, based mostly on the simply launched information.
Regardless of being a lender that solely works for mortgage brokers, they topped the listing for the second yr in a row, beating out bitter rival Rocket Mortgage.
Learn on to see who else made the top-10 listing of mortgage refinance lenders.
High Mortgage Refinance Lenders (General)
| Rating | Firm Identify | 2025 Mortgage Quantity |
| 1. | UWM | $68.5 billion |
| 2. | Rocket Mortgage | $54.0 billion |
| 3. | Freedom Mortgage | $19.7 billion |
| 4. | Pennymac | $15.8 billion |
| 5. | Chase | $13.1 billion |
| 6. | Newrez | $10.2 billion |
| 7. | CrossCountry | $9.6 billion |
| 8. | U.S. Financial institution | $9.6 billion |
| 9. | Financial institution of America | $9.2 billion |
| 10. | loanDepot | $8.4 billion |
As famous, Pontiac, Michigan-based United Wholesale Mortgage was one of the best based mostly on closed refinance quantity for 2025 (newest yr obtainable utilizing HMDA information).
The corporate relied on mortgage brokers nationwide to fund a whopping $68.5 billion in mortgage refinance loans final yr.
That was simply sufficient to greatest fellow Michigan-based mortgage lender Rocket Mortgage, which funded simply $54 billion.
Rocket is often #1 in refis, however UWM acquired their quantity but once more.
In third was Freedom Mortgage, which makes a speciality of refinances of FHA loans and VA loans. They funded $19.7 billion.
Pennymac and Chase took fourth and fifth with $15.8 billion and $13.1 billion funded, respectively.
The remainder of the top-10 listing included Newrez, CrossCountry Mortgage, U.S. Financial institution, Financial institution of America, and loanDepot.
High Charge and Time period Refinance Lenders
| Rating | Firm Identify | 2025 Mortgage Quantity |
| 1. | UWM | $49.6 billion |
| 2. | Rocket Mortgage | $26.6 billion |
| 3. | Freedom Mortgage | $14.0 billion |
| 4. | Pennymac | $10.9 billion |
| 5. | Chase | $8.5 billion |
| 6. | U.S. Financial institution | $7.6 billion |
| 7. | Financial institution of America | $6.8 billion |
| 8. | CrossCountry | $6.6 billion |
| 9. | Newrez | $6.5 billion |
| 10. | Wells Fargo | $4.9 billion |
If we fine-tune the highest refinance lenders listing to fee and time period refinances solely, UWM nonetheless takes the highest spot with $49.6 billion funded.
Once more, they beat out Rocket Mortgage, which funded $26.6 billion and Freedom Mortgage’s $14 billion.
Fourth and fifth went to Pennymac and Chase, which isn’t stunning as a result of most refinances recently have been fee and time period versus money out.
The remainder of one of the best included U.S. Financial institution, Financial institution of America, CrossCountry, Newrez, and Wells Fargo.
You don’t see Wells Fargo in prime mortgage lists a lot anymore, so good for them to sneak again in there.
High Money-Out Refinance Lenders
| Rating | Firm Identify | 2025 Mortgage Quantity |
| 1. | Rocket Mortgage | $27.3 billion |
| 2. | UWM | $18.9 billion |
| 3. | Freedom Mortgage | $5.7 billion |
| 4. | loanDepot | $4.9 billion |
| 5. | Pennymac | $4.9 billion |
| 6. | Chase | $4.6 billion |
| 7. | Newrez | $3.7 billion |
| 8. | Mr. Cooper | $3.3 billion |
| 9. | CrossCountry | $3.0 billion |
| 10. | Armstrong Financial institution | $2.4 billion |
Lastly, we have now the highest cash-out refinance lenders based mostly on mortgage quantity. That is if you faucet fairness whereas refinancing versus merely adjusting your rate of interest or mortgage time period.
You knew Rocket Mortgage was going to win one thing and that is the class they dominated, as all the time.
The Detroit-based lender funded $27.3 billion in cash-out refis, taking out UWM and their $18.9 billion within the course of.
In third was Freedom Mortgage once more, adopted by loanDepot and Pennymac.
The decrease half of the highest 10 included Chase, Newrez, Mr. Cooper (now owned by Rocket), CrossCountry, and Muskogee, Oklahoma-based Armstrong Financial institution. Didn’t anticipate that one.
So total not a number of variety in these lists, with only a small handful of huge mortgage lenders taking many of the refinance enterprise in 2025.
Do the High Lenders Have the Greatest Mortgage Refinance Charges?
Chances are high there are cheaper choices in case you’re on the lookout for one of the best mortgage refinance charges. And by greatest I imply decrease.
Why? As a result of smaller, so-called no-name lenders with out large promoting budgets can move on extra financial savings (from much less spending) to their prospects.
That is very true for on-line mortgage lenders with much less overhead that aren’t family names.
So in case you’re on the lookout for low cost refinance charges, take the time to look past simply the names you see on TV or the Web.
That is no completely different than looking for insurance coverage the place they depend upon movie star endorsements to promote you what quantities to a commodity.
As soon as your mortgage is funded, it’s no completely different than a mortgage from some other firm, apart from the rate of interest and charges you paid to acquire mentioned fee.
Chances are high it’ll be a 30-year fastened that’s the very same as one you can have obtained elsewhere.
The one distinction would be the fee/charges. Do you need to pay extra for a similar mortgage, or go together with a smaller, competent lender or dealer that may enable you to snag a decrease fee?
And one which saves you cash every month you maintain your mortgage, which may very well be years and years.
Learn on: Why are refinance charges increased?
Earlier than creating this website, I labored as an account govt for a wholesale mortgage lender in Los Angeles. My hands-on expertise within the early 2000s impressed me to start writing about mortgages 19 years in the past to assist potential (and present) house consumers higher navigate the house mortgage course of. Comply with me on X for warm takes.