During the final three months of last year, non-bank mortgage lenders saw a decline in market share — resulting in a drop for full-year market share.
Mortgage originators, including financial institutions and non-banks, generated $517 billion in loan production from Oct. 1, 2016, through year-end 2016.
Business slowed from the third quarter, when $568 billion in loans were originated. But activity accelerated from $375 billion in the fourth-quarter 2015.
Source: Mortgage Daily