Top Mortgage Companies

To become a top mortgage company, finance and itsbusinesses and in lending credit cards (especially after
management are not the only things required. Historyits merger with MBNC). Bank of America ranks
indicates that innovation is the prime driving force insecond on the Forbes list of 2005 among mortgage
leading a mortgage company to the top.companies.
A case in point is Citigroup, considered by manyWells Fargo, the third in the current Forbes list of top
pundits to be the leading mortgage companymortgage companies, has about 1,000
worldwide today. Citigroup developed its roots inhome-mortgage branches all over the US and in
America - it has been functioning since 1970 - but hassome foreign countries. It mostly services sub-prime
spread throughout the world in the last decade. Itmortgage customers. It had revenue of over $33
operates in 54 countries outside the US today,million in 2005, and a major chunk of the revenue
making most of its revenue from virgin territories; i.e.was through mortgage lending.
countries that have never considered mortgages asWachovia is the fourth-largest mortgage bank in the
financial options before. Currently it has assets of $1.3US. Its assets in the last financial year were over $28
trillion, and its revenue last year was $108 billion.million. Wachovia bank's purchase of Western Financial
Citigroup leads the Forbes list of 2005 mortgagebank will make it the ninth-largest auto mortgage
companies.provider in the US.
The Bank of America, one of the oldest banks in theOther top mortgage companies that figure in the
US and currently the third-largest bank in the country,Forbes 500 list of 2005 are BB&T, Golden West
is another huge mortgage loan provider. It has todayFinancial, Marshall and Ilsley, M&T, AmSouth Bancorp,
assets of $74 billion. Apart from mortgage loans, itPopular, Synovus Financial, Zions Bancorp, Compass
also leads the country in providing loans to smallBancshares and Commerce Bancorp.