2025 ARM Refinance Top Lenders by Agency Loan Count
Seller/Issuer Name YTD 2025 Avg Loan Amount Avg Rate UNITED WHOLESALE MORTGAGE LLC 2,141 $418,231 5.61% ROCKET MORTGAGE LLC 1,688 $417,959 6.02% LOANDEPOTCOM LLC 1,352 $418,028 5.62% PENNYMAC LOAN SERVICES LLC 1,017 $413,985 5.54% GUARANTEED RATE INC 276 $508,062 6.13% VILLAGE CAPITAL & INVESTMENT LLC 257 $365,786 5.09% WELLS FARGO BANK NA 107 $428,654 6.40% NEWREZ LLC 89 $502,640 5.73% AMERIHOME MORTGAGE COMPANY LLC 86 $541,360 5.93%
This table provides a snapshot of the competitive landscape for Agency ARM refinances through the third quarter of 2025, ranking top lenders by loan count. The data reveals a market heavily concentrated at the top, with United Wholesale Mortgage leading a group of four lenders that originate significantly more loans than the rest of the field.
For lenders, this data highlights a crucial strategic decision: build market share through pricing and operational efficiency, or invest in brand equity to gain pricing power. For secondary marketing and capital markets executives, this illustrates that there isn't a single market-clearing price; rather, there are distinct execution strategies that depend on the lender's business model. Understanding this is vital for effective pricing, hedging, and profitability planning in the adjustable-rate refinance space.
From Analysis to Action
Ready to Continue? Get Your Exact Market Answers.
Start your 7-day free trial.