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UMortgage Surpasses $1Billion in Yearly Funded Volume After Second Consecutive Record-Breaking Month

Published: June 6, 2024

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UMortgage Surpasses $1Billion in Yearly Funded Volume After Second Consecutive Record-Breaking Month

PHILADELPHIA, PA., June 7, 2024 — UMortgage, one of the 30 largest mortgage companies in the United States, is on pace for another year of record-breaking growth. The Philadelphia-based mortgage platform notched two new monthly company records in May with $253mil in total loan volume with 715 families served.

These record figures tallied in May mark back-to-back record months for loan volume and funded units after UMortgage funded 688 units for $238mil in April. This increase in volume represents a total team effort across the board. Nine of UMortgage’s 19 branches produced more than $10mil in volume in May while 73 of its Loan Originators earned spots in the company’s May $1 Million Club.

These new records propelled UMortgage beyond a big company milestone with more than $1 billion in yearly loan volume through the first 5 months of the year. As of Friday, May 31st, UMortgage has funded 2,982 loans for $1.012bil in volume.

According to data received from Inc. Magazine, UMortgage is the fastest-growing mortgage company in the country and a top-10 fastest-growing finance company in terms of revenue growth. Based on its current momentum, projected growth, and expected market conditions for the remainder of the year, UMortgage expects a third consecutive record year for loan volume and families served in 2024.

“Hitting back-to-back record months for funded units and volume while surpassing $1bil in year-to-date loan volume is a big indicator of the strength that we’re building across the board at UMortgage,” said Anthony Casa, UMortgage President & CEO. “The environment continues to present challenges, but our team continues to do the work necessary to exceed expectations while outperforming the market. This is just the start of even bigger things to come.”

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This is the second consecutive year that UMortgage has eclipsed the $1bil funded mark with the platform reaching it 18 weeks into 2024— 6 weeks faster than it did in 2023. Last year’s milestone led to the platform’s third consecutive record year, tallying 127% year-over-year funded volume growth from 2022 to 2023. This year, UMortgage is projected to fund roughly $3bil in total loan volume—an estimated 50% year-over-year increase.

If you’re looking for a platform that provides proven results to help you take your production to the next level, download our Experience the Difference packet for a comprehensive look at the business-boosting benefits you can add to your toolbelt when you join UMortgage.

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