Rocky Mountain Southeast Mid-Atlantic Southwest
2017 VA Loan Volume of Lenders in VA Rankings
Top Regions by VA Loan Volume*
Source: Ask a Lender
*Based on data from the Best VA Mortgage Lenders 2018 rankings
Southeast Southwest Midwest Mid-Atlantic
2017 FHA Loan Volume of Lenders in FHA Rankings
Top Regions by FHA Loan Volume*
Source: Ask a Lender
*Based on data from the Best FHA Mortgage Lenders 2018 rankings
Source: U.S. Department of Housing and Urban Development
Standard Federal Regions
1. New England CT, ME, MA, NH, RI, VT
2. New York/New Jersey NY, NJ
3. Mid-Atlantic DE, DC, MD, PA, VA, WV
4. Southeast AL, FL, GA, KY, MS, NC, SC, TN
5. Midwest IL, IN, MI, MN, OH, WI
6. Southwest AR, LA, NM, OK, TX
7. Great Plains IA, KS, MO, NE
8. Rocky Mountain CO, MT, ND, SD, UT, WY
9. Pacific AZ, CA, HI, NV
10. Northwest AK, ID, OR, WA
<< Meet the Best continued from Page 37
Continued on Page 40 >>
Survey and audit process
Ask a Lender’s Meet the Best rankings were produced in collaboration with Scotsman
Guide Media. Individual mortgage brokers, bankers and loan officers were surveyed
and asked to provide their 2017 loan-production data. Verification materials were
then requested from every entrant who qualified for one of the lists. To be included in
any final list, entrants had to supply their 2017 production report along with written
verification of that report from a certified public accountant, the company’s chief
financial officer or a similar authoritative source.
Lenders in each category were then ranked within the cities and states where
they originate loans by either the number of loans they originated in 2017 or the
dollar volume of those loans, depending on the list parameters.
More than 3,000 entrants representing more than 450 bank and nonbank lend-ers responded to the Ask a Lender survey. The complete rankings for each of the
10 Meet the Best categories are available online and searchable by city and state
at www.askalender.com/TheBest. The lists on the following pages — presented
courtesy of Ask a Lender — are snapshots of the complete online rankings and
show which lenders ranked No. 1 in each state represented within the individual
categories, plus the District of Columbia where appropriate.
The Meet the Best 2018 rankings were compiled through voluntary responses to a
survey, but the volume numbers of those responding reflect industry trends, based on
a comparison to the 2017 national data reported by various government agencies and
industry trade groups. Here are some of the most significant totals from the rankings.
Veterans Affairs data
The total volume of VA loans originated by lenders on the full Best VA Mortgage
Lenders rankings was $12.02 billion, which is 6. 37 percent of the total 2017 VA loan
volume of $188.69 billion, as reported by the U. S. Department of Veterans Affairs. The
top five states by volume in the Best VA Mortgage Lenders rankings are California
($1.81 billion), Utah ($1.43 billion), Virginia ($1.08 billion), Texas ($1.08 billion) and
Florida ($704.14 million).
The interesting member of this list is Utah, which is home to just 135,988 veterans
as of FY 2016, or 7. 8 percent of California’s 1,735,213 veterans. In fact, Utah doesn’t
even make the top 10 states when it comes to veteran population. California, Texas
and Florida are ranked one through three in the nation by veteran population, while
Virginia’s 729,398 veterans puts it at No. 8.
We broke the collected Best VA Mortgage Lenders data down into the 10 standard
federal regions used by the U.S. Department of Housing and Urban Development,
and the strong Utah presence in the state lists also transfers to the regional data. The
Rocky Mountain region — which includes Utah — had the second-largest volume of
VA Loans, with $2 billion in VA volume (of which Utah accounted for 71. 5 percent),
compared to $3.18 billion in the Pacific region (California, Arizona, Nevada and Hawaii).
The Rocky Mountain region ranked second by volume in the rankings, despite
having only 12. 22 percent of the lenders on the Best VA Mortgage Lenders list,
compared to the Pacific region’s 22. 17 percent and the Southeast’s 18. 89 percent.
Federal Housing Administration data
The total volume of FHA loans originated by lenders on the Best FHA Mortgage
Lenders rankings was $18.95 billion, which is 8. 24 percent of the total 2017 FHA loan
volume of $230 billion, as reported by the Federal Housing Administration. The top
five states by volume in the Best FHA Mortgage Lenders rankings are California
($2.58 billion), Texas ($1.88 billion), Florida ($1.37 billion), Arizona ($1.15 billion) and
Colorado ($977.54 million).
This list is very similar to the top five states by loan volume in the Ask a Lender
Best Mortgage Lenders rankings, which tracked total loan volume for lenders who
had originated at least 100 loans of any type in 2017. Colorado moves up one spot
from sixth in the Best Mortgage Lenders rankings to fifth in the Best FHA Mortgage
Lenders rankings while Illinois drops from third place to ninth between the two lists.
Interestingly, Colorado has 12. 4 percent fewer lenders on the Best FHA Mortgage