From the Editor
By Will McDermott
Will McDermott is editor of Scotsman Guide
Residential Edition. Reach him at (800) 297-6061
Meet the nation’s top-producing
Following up on our Top Originators 2014 rankings published this past April, which listed the best-producing
brokers and bankers in the mortgage industry across numerous categories, this month we publish our Top
Mortgage Lenders 2014 rankings, which list the top-producing lenders in various categories, including overall
volume and volume gain from 2013 to 2014.
Our third annual rankings of the top mortgage lenders in the nation are bigger and better than ever.
In addition to rankings for wholesale, retail and hard money lenders, this year we ranked the top
correspondents in the industry as well. All of the rankings can be found in this issue — starting with Top
Overall Volume on Page 36 — and online at
As with our annual Top Originators rankings, all of the volume numbers in our Top Mortgage Lenders
lists are verified by the lenders’ certified public accountants or chief financial officers. To learn more
about how we compile the rankings, turn to Page 35. We also break down the numbers every year to
look for industry trends. To read our analysis of the 2014 lender data, read Backspace on Page 146.
In addition to the Top Mortgage Lenders rankings, this month we focus on government loans and the
government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac. If you have renovation-minded
clients, you might want to read what Shelley Collins of Mountain West Financial has to say about the
thrilling adventures you can have with Federal Housing Administration 203(k) loans. Her article begins
on Page 46.
For some insight into the Fannie Mae MyCommunityMortgage program and other government programs for helping first-time homebuyers, turn to the article by Catherine Blocker of Guild Mortgage on
Page 110. For our Q&A this month, we talked with Jim Parrott, a senior fellow at the Urban Institute, and
an expert on the GSEs. To read Parrott’s thoughts on GSE reform, turn to Page 20.
You can’t discuss government loans without talking about regulations and compliance, and this month
is no different. Shanon M. Lake-Catello of Commonwealth USA Settlements, discusses dangers that may
be lurking in your third-party vendors as we move closer to the Aug. 1 deadline for the new disclosure rules.
Her article begins on Page 63. In addition, Melissa Kozicki of Altisource discusses the need for innovation in the
face of compliance regulations on Page 72, and Regina M. Lowrie of RML Advisors puts vendor management
under further scrutiny on Page 60.
Lastly, we delve into several issues outside of government loans and regulations. If you’re interested in the future
of private-label securitization, don’t miss the article by Ed Fay of Fay Servicing, starting on Page 95. In addition,
David Lazowski of Fairway Independent Mortgage Corp. presents a novel idea for reaching millennial buyers on
Page 76, and Rachael Sokolowski discusses the past and future of e-mortgages on Page 106.
With Top Mortgage Lenders 2014 rankings and articles on government loans, regulations and more, this issue is
packed with something for everyone.
Create. Educate. Illuminate.