UWM Says It Will Beat Rocket Mortgage as America’s Largest Mortgage Lender by 2024


United Wholesale Mortgage Holdings Corp. sets a public deadline for when it says Rocket Companies Inc. will surpass to become the largest mortgage lender in the United States: 2024.

The three-year target is ambitious, experts say. It’s heating up the Pontiac-based lender’s longstanding feud with its Detroit-based rival Rocket Mortgage, who currently holds the title. According to the trade publication Inside Mortgage Finance, UWM is ranked #4 behind PennyMac Financial Services Inc. from California and Wells Fargo & Co. in Iowa. Being number 1 has been a long ambition of UWM CEO Mat Ishbia.

United Wholesale Mortgage announced its plans to become America's largest mortgage lender by 2024 at a meeting for its employees.

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