Quicken Loans Inc. originated $81.44 billion in mortgages in 2018 — the most among all nondepository institutions and the second-most among all institution types.
The company's mortgage market share stood at 4.08%, almost twice that of United Shore Financial Services LLC, whose 2.09% share was the second-largest.
Overall, nondepository institutions originated $956.04 billion in mortgages in 2018, compared to $884.04 billion originations by banks and thrifts and $136.86 billion by credit unions.
The number of nondepository institutions that reported Home Mortgage Disclosure Act data for 2018 was 1,101, slightly more than the 1,039 that reported 2017 data. Comparatively, there were 2,942 banks and 1,581 credit unions that reported data for 2018.
United Shore funded $41.65 billion in mortgages in 2018, fifth-most among all institutional lenders. Overall, 10 of the top 20 mortgage lenders during 2018 were nonbanks.
The analysis is based on Home Mortgage Disclosure Act data collected by S&P Global Market Intelligence. Under the act, depository and nondepository institutions must annually report every application, origination and purchase of loans for home purchase, home improvement or home loan refinancing. The data is used by regulators to determine whether lenders are serving the housing needs of their communities and to identify possible housing discrimination patterns.