As banks have been under heavy regulatory scrutiny since the financial crisis, smaller non-banks have gained market share through technological improvements to the loan process.

In July 2009, before the Dodd-Frank Wall Street Reform and Consumer Protection Act, Bank of America Corp. was the biggest home lender in Cumberland County, Maine.

But in July 2016, well after the landmark financial legislation became law, BofA barely ranked among the top 10 lenders. The county’s top lender was Residential Mortgage Services.

Source: Mortgage Daily