| | U.S. BANKER RANKINGS
Mortgage Servicers Ranked by Average Loan Size - First Half 2000
(dollars in millions) | | | | | | | | June 30, 2000 | June 30, 1999 | | Rank | Organization Name | Location | Volume | # loans | Avg. size | Volume | # loans | Avg. size |  | | 1 | B.F. Saul Mtg./Chevy Chase Bank | Bethesda, MD | $9,542 | 67,032 | $142,350 | $7,017 | 46,587 | $150,621 | | | 2 | Astoria FS & LA | Lake Success, NY | $13,465 | 98,920 | $136,120 | $13,075 | 103,040 | $126,892 | | | 3 | Cendant Mortgage | Mt. Laurel, NJ | $72,181 | 553,029 | $130,519 | $44,287 | 378,027 | $117,153 | | | 4 | Mid America Fed Savings Bank | Clarendon Hills, IL | $4,884 | 37,581 | $129,959 | $4,136 | 33,781 | $122,436 | | | 5 | Washington Mutual | Seattle, WA | $170,223 | 1,349,844 | $126,106 | $111,727 | 977,824 | $114,261 | | | 6 | USAA Federal Savings Bank | San Antonio, TX | $15,618 | 131,532 | $118,739 | $12,602 | 109,416 | $115,175 | | | 7 | Washington Federal Savings | Seattle, WA | $4,781 | 40,430 | $118,254 | $4,620 | 41,234 | $112,043 | | | 8 | Cenlar | Ewing, NJ | $31,400 | 279,052 | $112,524 | $23,400 | 221,715 | $105,541 | | | 9 | Flagstar Bank | Bloomfield Hills, MI | $11,455 | 102,126 | $112,165 | $18,340 | 159,924 | $114,679 | | | 10 | Wells Fargo Home Mortgage | Des Moines, IA | $301,436 | 2,736,697 | $110,146 | $268,367 | 2,503,373 | $107,202 | | | 11 | First Horizon Home Loans | Irving, TX | $54,295 | 503,575 | $107,819 | $45,131 | 456,226 | $98,922 | | | 12 | North American Mortgage/Dime | Tampa, FL | $50,799 | 472,984 | $107,401 | $47,845 | 452,723 | $105,683 | | | 13 | HSBC Mortgage | Depew, NY | $31,816 | 298,078 | $106,737 | $20,910 | 224,050 | $93,327 | | | 14 | PNC Mortgage | Vernon Hills, IL | $85,123 | 807,350 | $105,435 | $71,278 | 708,258 | $100,638 | | | 15 | First Nationwide Mortgage | Frederick, MD | $105,731 | 1,008,488 | $104,841 | $92,613 | 933,758 | $99,183 | | | 16 | Fleet Mortgage | Columbia, SC | $139,880 | 1,342,815 | $104,169 | $127,775 | 1,390,012 | $91,924 | | | 17 | Resource Bancshares Mtg. Co. | Columbia, SC | $7,440 | 71,494 | $104,065 | $11,522 | 106,720 | $107,965 | | | 18 | CitiMortgage, Inc. | St. Louis, MO | $95,557 | 918,644 | $104,020 | $88,251 | 939,380 | $93,946 | | | 19 | Chase Manhattan Mortgage | Edison, NJ | $329,900 | 3,288,667 | $100,314 | $243,080 | 2,550,098 | $95,322 | | | 20 | HomeStreet Bank | Seattle, WA | $4,137 | 41,280 | $100,206 | $4,028 | 40,878 | $98,537 | | | 21 | SunTrust/Crestar Mortgage, Inc. | Richmond, VA | $39,797 | 397,434 | $100,135 | $40,056 | 411,430 | $97,358 | | | 22 | Bank of America Mortgage | Charlotte, NC | $330,489 | 3,308,997 | $99,876 | $273,789 | 2,791,108 | $98,093 | | | 23 | Countrywide Home Loans, Inc. | Calabasas, CA | $265,437 | 2,695,440 | $98,476 | $236,299 | 2,214,090 | $106,725 | | | 24 | Columbia National, Inc. | Columbia, MD | $8,118 | 83,436 | $97,296 | $7,348 | 77,140 | $95,255 | | | 25 | GreenPoint Mortgage Funding | Larkspur, CA | $17,467 | 180,396 | $96,826 | $9,678 | 92,841 | $104,243 | | | 26 | Hibernia National Bank | Baton Rouge, LA | $5,960 | 61,948 | $96,210 | $4,770 | 59,216 | $80,553 | | | 27 | Old Kent Mortgage Company | Grand Rapids, MI | $22,789 | 240,179 | $94,882 | $18,543 | 191,817 | $96,670 | | | 28 | Principal Residential Mortgage | Des Moines, IA | $51,381 | 543,555 | $94,528 | $50,156 | 545,146 | $92,005 | | | 29 | Temple-Inland Mortgage | Austin, TX | $20,864 | 226,000 | $92,319 | $22,266 | 246,500 | $90,329 | | | 30 | Branch Banking & Trust Co. | Wilson, NC | $20,310 | 222,990 | $91,080 | $16,617 | 193,234 | $85,993 | | | 31 | National City Mortgage | Miamisburg, OH | $59,131 | 663,000 | $89,187 | $48,987 | 585,351 | $83,689 | | | 32 | HomeSide Lending, Inc. | Jacksonville, FL | $156,831 | 1,772,999 | $88,455 | $142,621 | 1,667,124 | $85,549 | | | 33 | ABN AMRO Mortgage | Troy, MI | $99,880 | 1,144,619 | $87,260 | $66,070 | 641,000 | $103,073 | | | 34 | Irwin Mortgage Corp. | Indianapolis, IN | $11,459 | 132,445 | $86,519 | $17,576 | 190,473 | $92,276 | | | 35 | Charter One Mortgage | Cleveland, OH | $21,674 | 261,055 | $83,026 | $17,951 | 232,139 | $77,329 | | | 36 | GMAC Mortgage | Horsham, PA | $155,572 | 1,880,440 | $82,732 | $136,469 | 1,606,560 | $84,945 | | | 37 | TCF Mortgage Corporation | Minneapolis, MN | $7,154 | 88,146 | $81,161 | $7,071 | 92,372 | $76,549 | | | 38 | First Union Mortgage | Charlotte, NC | $60,454 | 749,262 | $80,685 | $61,225 | 841,540 | $72,754 | | | 39 | Fifth Third Bank | Cincinnati, OH | $16,835 | 209,123 | $80,503 | $14,879 | 181,673 | $81,900 | | | 40 | Huntington Mortgage | Columbus, OH | $6,610 | 85,875 | $76,972 | $8,092 | 102,482 | $78,960 | | | 41 | Regions Mortgage Co. | Montgomery, AL | $23,326 | 303,863 | $76,765 | $23,150 | 338,618 | $68,366 | | | 42 | CUNA Mortgage Corp. | Madison, WI | $5,171 | 67,587 | $76,509 | $4,830 | 65,224 | $74,052 | | | 43 | SouthTrust Mortgage Corp. | Birmingham, AL | $9,873 | 131,619 | $75,012 | $9,248 | 130,413 | $70,913 | | | 44 | BOK Mortgage | Tulsa, OK | $6,859 | 93,861 | $73,076 | $7,083 | 97,561 | $72,601 | | | 45 | M & T Mortgage | Buffalo, NY | $11,159 | 152,952 | $72,958 | $10,743 | 148,711 | $72,241 | | | 46 | M & I Mortgage | Cedarburg, WI | $5,496 | 78,115 | $70,358 | $5,117 | 79,947 | $64,005 | | | 47 | Firstar Home Mortgage Corp. | Bloomington, MN | $26,743 | 385,939 | $69,293 | $19,673 | 287,163 | $68,508 | | | 48 | Aurora Loan Services, Inc. | Aurora, CO | $11,500 | 197,500 | $58,228 | $5,718 | 78,334 | $72,995 | | | 49 | Union Planters Mortgage | Cordova, TN | $18,816 | 354,653 | $53,055 | $17,803 | 366,286 | $48,604 | | | 50 | Midland Mortgage | Oklahoma City, OK | $15,370 | 363,448 | $42,289 | $16,394 | 373,439 | $43,899 | | | | | | $3,052,187 | 31,226,494 | $97,744 | $2,580,225 | 27,305,956 | $94,493 | |
Note: Results may vary because some firms would not provide number of loans serviced, needed to calculate the average loan size originated. This could result in the industry’s average loan size being distorted.
Source: U.S. Banker/Quarterly Data Report | | | |
