Top 10 Mortgage Refinance Companies (New for 2026)
Each yr, I compile the highest 10 mortgage refinance corporations by mortgage quantity.
This means the mortgage lenders closing probably the most refinance loans within the nation versus the competitors.
The undisputed chief was United Wholesale Mortgage, or UWM for quick, based mostly on the simply launched information.
Despite being a lender that solely works for mortgage brokers, they topped the record for the second yr in a row, beating out bitter rival Rocket Mortgage.
Read on to see who else made the top-10 record 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 the perfect based mostly on closed refinance quantity for 2025 (newest yr accessible 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 usually #1 in refis, however UWM received their quantity but once more.
In third was Freedom Mortgagewhich 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 record included Newrez, CrossCountry MortgageUS 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 record to rate and term refinance 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 is not shocking as a result of most refinances these days have been fee and time period versus money out.
The remainder of the perfect included U.S. BankBank of America, CrossCountry, Newrez, and Wells Fargo.
You do not 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 based mostly 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 anticipate that one.
So total not numerous variety 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 cheaper choices in case you’re trying for the perfect mortgage refinance charges. And by finest I imply decrease.
Why? Because smaller, so-called no-name lenders with out large promoting budgets can move on extra financial savings (from much less spending) to their prospects.
This is particularly true for on-line mortgage lenders with much less overhead that are not family names.
So in case you’re trying for low-cost refinance charges, take the time to look past simply the names you see on TV or the Internet.
This isn’t any totally different than procuring for insurance coverage the place they rely on movie star endorsements to promote you what quantities to a commodity.
Once your mortgage is funded, it is no totally different than a mortgage from another firm, aside from the rate of interest and costs you paid to acquire mentioned fee.
Chances are it’s going to be a 30-year fastened that is the very same as one you would have obtained elsewhere.
The solely distinction would be the fee/charges. Do you wish to pay extra for the identical mortgage, or go along with a smaller, competent lender or dealer that may show you how 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?
