12 Hartford Business Journal • March 12, 2018 • www.HartfordBusiness.com
Source: GeoDataVision, 203-530-1544, www.geodatavision.com. Information is based on 2016 Home Mortgage Disclosure Act data released by the Federal Reserve in Sept. 2017, the latest available as of press time. Market data is available at
any geographic
level (county and town). Special thanks to Len Suzio.
(1) Acquired Gerstein Fisher, a New York-based investment management firm, through its subsidiary, People's Securities, Inc., on Nov. 2, 2016.
(2) An affiliate of Morgan Stanley Smith Barney LLC.
(3) Address is for Norcom Mortgage.
— Compiled by Stephanie R. Meagher.
THE LIST
Top residential mortgage lenders for Connecticut
Ranked by 2016 Connecticut dollars originated
FOCUS
Top residential mortgage lenders for Connecticut
(Ranked by 2016 Connecticut dollars originated)
Rank Lender
Total amount loaned
(000) Number of CT loans CT market share
Amount loaned
to low/mod
income
applicants (000)
Loans originated
to low/mod
income
applicants
Amount loaned
to minority
applicants
(000)
Loans
originated to
minority
applicants
1
Wells Fargo Bank
420 Montgomery St.
San Francisco, CA 94104
800-869-3557; www.wellsfargo.com
$1,436,507 3,601 6.31% $103,496 705 $201,862 648
2
JPMorgan Chase Bank
1111 Polaris Parkway
Columbus, OH 43240
212-270-6000; www.jpmorganchase.com
$1,370,392 1,871 6.02% $44,343 282 $131,957 282
3
Bank of America
185 Asylum St.
Hartford, CT 06103
800-432-1000; www.bankofamerica.com
$1,031,551 2,159 4.53% $55,833 387 $129,881 373
4
People's United Bank (1)
850 Main St.
Bridgeport, CT 06604
203-338-7171; www.peoples.com
$920,314 2,194 4.05% $64,847 466 $109,112 341
5
Quicken Loans
1050 Woodward Ave.
Detroit, MI 48226
800-863-4332; www.quickenloans.com
$887,439 3,929 3.90% $171,521 1,113 $110,558 513
6
Webster Bank
137 Bank St.
Waterbury, CT 06702
203-578-2200; public.websteronline.com
$652,814 2,581 2.87% $81,888 683 $60,465 290
7
LoanDepot.com LLC
26642 Towne Centre Drive
Foothill Ranch, CA 92610
888-983-3240; www.loandepot.com
$621,714 2,229 2.73% $104,759 563 $100,441 397
8
Citibank
399 Park Ave.
New York, NY 10043
212-559-1000; www.citibank.com
$534,345 978 2.35% $33,903 188 $72,957 195
9
United Bank
225 Asylum St.
Hartford, CT 06103
866-959-2265; www.bankatunited.com
$446,702 1,370 1.96% $45,104 325 $49,465 182
10
First Niagara Bank
726 Exchange St.
Buffalo, NY 14210
800-421-0004; www.firstniagara.com
$362,907 918 1.60% $34,345 277 $38,344 183
11
Citizens Bank
1 Citizens Plaza
Providence, RI 02903
800-922-9999; www.citizensbank.com
$316,322 665 1.39% $18,963 124 $28,610 70
12
Liberty Bank
315 Main St.
Middletown, CT 06457
888-570-0773; www.liberty-bank.com
$308,772 1,023 1.36% $34,961 248 $29,964 130
13
Guaranteed Rate Inc.
3940 N. Ravenswood
Chicago, IL 60613
866-934-7283; www.guaranteedrate.com
$306,857 1,269 1.35% $65,422 420 $58,867 277
14
Morgan Stanley Private Bank (2)
2000 Westchester Ave.
Purchase, NY 10577
800-869-3326; www.morganstanley.com
$282,246 248 1.24% $1,910 8 $13,819 18
15
William Raveis Mortgage LLC
7 Trap Falls Road
Shelton, CT 06484
203-926-1090; www.raveis.com/mortgage
$281,009 1,196 1.24% $68,532 427 $40,471 190
16
Village Mortgage Co.
21 Prospect St., Unit D
Torrington, CT 06790
860-482-7378; www.villagemtg.com
$272,572 1,245 1.20% $73,207 470 $39,608 182
17
Freedom Mortgage Corp.
907 Pleasant Valley Ave., Ste. 3
Mount Laurel, NJ 08054
866.759.8624; www.freedommortgage.com
$271,611 1,274 1.19% $45,693 271 $63,777 313
18
Newtown Savings Bank
39 Main St.
Newtown, CT 06470
203-426-2563; www.nsbonline.com
$267,713 937 1.18% $37,784 216 $21,071 72
19
Prime Lending - a PlainsCapital Co.
18111 Preston Road, Suite 900
Dallas, TX 75252
800-317-7463; www.primelending.com
$264,395 1,093 1.16% $57,717 343 $34,753 159
20
Norwich Commercial Group Inc. d/b/a
Norcom Mortgage and Mortgage Force (3)
38 Security Drive
Avon, CT 06001
855-667-2661; www.norcommortgage.com
$242,831 1,176 1.07% $71,800 479 $39,803 212
21
United Shore Financial Service
1414 E Maple Road
Troy, MI 48083
855-888-8737; www.unitedshore.com
$233,688 897 1.03% $38,107 219 $45,233 178
22
Fairfield County Bank
150 Danbury Road
Ridgefield, CT 06877
877-431-7431; www.fairfieldcountybank.com
$231,319 487 1.02% $10,716 54 $21,364 70
23
American Eagle Financial Credit Union
417 Main St.
East Hartford, CT 06118
860-568-2020; www.americaneagle.org
$228,975 1,449 1.01% $32,640 326 $49,517 266
24
Total Mortgage Services LLC
326 W. Main St.
Milford, CT 06460
203-876-2200; www.totalmortgage.com
$227,814 800 1.00% $46,977 249 $42,856 171
Source: GeoDataVision, 203-530-1544, www.geodatavision.com. Information is based on 2016 Home Mortgage Disclosure Act data released by the Federal Reserve in Sept. 2017, the latest available as of press time. Market data is available at any geographic
level (county and town). Special thanks to Len Suzio.
(1) Acquired Gerstein Fisher, a New York-based investment management firm, through its subsidiary, People's Securities, Inc., on Nov. 2, 2016.
(2) An affiliate of Morgan Stanley Smith Barney LLC.
(3) Address is for Norcom Mortgage.
—Compiled by Stephanie R. Meagher.
