Wells Fargo & Co. Ranks First In Charlotte’s Lists of Biggest Mortgage Lenders

Wells Fargo & Co. tops the list of Charlotte Business Journal’s list of the area’s biggest conventional and government-backed mortgage lenders, ranked by 2013 total mortgage amount secured by area properties.

The list shows that Wells Fargo & Co has government-backed loans amounting to $286 million and conventional loans up to $1.2 billion for home purchases and refinancing deals in Charlotte area.

From getting the 21st spot last year, Fairway Independent Mortgage Corporation has landed at the 11th place this year on the list of top conventional mortgage lenders.

According to the Charlotte regional manager of Fairway Tom Tousignant, the company has seen an increase in the overall volume to 39% at his operations even with the rising mortgage and interest rates.

Here are the top 3 largest conventional residential mortgage lenders:

1. Wells Fargo & Co.
2. Bank of America Corp.
3. SunTrust Banks Inc.

Here are the top 3 largest FHA and VA residential mortgage lenders:

1. Wells Fargo & Co.
2. Movement Mortgage
3. Quicken Loans Inc.

Read the October 24 issue of Charlotte Business Journal to get the complete lists.