Each yr, I compile the highest 10 mortgage refinance corporations by mortgage quantity.
This means the mortgage lenders closing essentially the most refinance loans within the nation versus the competitors.
The undisputed chief was United Wholesale Mortgage, or UWM for quick, primarily based on the simply launched knowledge.
Despite being a lender that solely works for mortgage brokers, they topped the checklist for the second yr in a row, beating out bitter rival Rocket Mortgage.
Read on to see who else made the top-10 checklist of mortgage refinance lenders.
Top Mortgage Refinance Lenders (Overall)
| Ranking | Company Name | 2025 Loan Volume |
| 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. Bank | $9.6 billion |
| 9. | Bank of America | $9.2 billion |
| 10. | loanDepot | $8.4 billion |
As famous, Pontiac, Michigan-based United Wholesale Mortgage was one of the best primarily based on closed refinance quantity for 2025 (newest yr obtainable utilizing HMDA data).
The firm relied on mortgage brokers nationwide to fund a whopping $68.5 billion in mortgage refinance loans final yr.
That was simply sufficient to finest fellow Michigan-based mortgage lender Rocket Mortgage, which funded simply $54 billion.
Rocket is often #1 in refis, however UWM bought 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 checklist included Newrez, CrossCountry Mortgage, U.S. Bank, Bank of America, and loanDepot.
Top Rate and Term Refinance Lenders
| Ranking | Company Name | 2025 Loan Volume |
| 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. Bank | $7.6 billion |
| 7. | Bank 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 checklist to rate and term refinances solely, UWM nonetheless takes the highest spot with $49.6 billion funded.
Again, 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 currently have been fee and time period versus money out.
The remainder of one of the best included U.S. Bank, Bank of America, CrossCountry, Newrez, and Wells Fargo.
You don’t see Wells Fargo in high mortgage lists a lot anymore, so good for them to sneak again in there.
Top Cash-Out Refinance Lenders
| Ranking | Company Name | 2025 Loan Volume |
| 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 Bank | $2.4 billion |
Finally, now we have the highest cash-out refinance lenders primarily based on mortgage quantity. This is whenever 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 ((*10*)), CrossCountry, and Muskogee, Oklahoma-based Armstrong Bank. Didn’t count on that one.
So total not quite a lot of range in these lists, with only a small handful of huge mortgage lenders taking a lot of the refinance enterprise in 2025.
Do the Top Lenders Have the Best Mortgage Refinance Rates?
Chances are there are cheaper choices should you’re wanting for one of the best mortgage refinance charges. And by finest I imply decrease.
Why? Because smaller, so-called no-name lenders with out huge promoting budgets can go on extra financial savings (from much less spending) to their prospects.
This is very true for on-line mortgage lenders with much less overhead that aren’t family names.
So should you’re wanting for low-cost refinance charges, take the time to look past simply the names you see on TV or the Internet.
This is not any completely different than buying for insurance coverage the place they depend on celeb endorsements to promote you what quantities to a commodity.
Once your mortgage is funded, it’s no completely different than a mortgage from another firm, aside from the rate of interest and charges you paid to acquire stated fee.
Chances are it’ll be a 30-year mounted that’s the very same as one you possibly can have obtained elsewhere.
The solely distinction would be the fee/charges. Do you wish to pay extra for the identical mortgage, or go together with a smaller, competent lender or dealer that may allow 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.
Read on: Why are refinance rates higher?
Before creating this web site, I labored as an account government 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 current) house patrons higher navigate the house mortgage course of. Follow me on X for scorching takes.
