CMG Financial Named Top Growth Lender in 2023

Blog posted On February 23, 2024

The 2023 numbers are in, and CMG Financial is on top! Inside Mortgage Finance recently released origination data from 2023, which showed that CMG was the top growth lender for the year. Most of the top lenders in the nation (including Rocket Mortgage and Guaranteed Rate) saw steep declines in origination volume from 2022 to 2023. CMG had a strong increase of 19.9%.

Ranked #1 for year-over-year origination growth

Last year threw many challenges at the housing industry. The primary hurdle for most originators was mortgage rates, which reached the highest levels in two decades. Consequently, most lenders – even the top lenders in the nation – saw significant drops in production volume. The median production decrease for the top 20 lenders in the nation was 34.5%. This is a sharp contrast from CMG’s increase of nearly 20%.

Ranked #16 for total origination volume

CMG’s total origination volume in 2023 was $20,163,000,000 – which was the 16^th highest production volume in the nation. This surpassed other top lenders (including Movement Mortgage and Bank of America).

Providing innovative solutions to modern origination problems

How has CMG continued to succeed while others have closed doors? The company has adapted and advanced through the toughest periods in origination history, from the Great Recession to the COVID pandemic, due to its ability to think differently. CMG creates products like the All In One Loan™, HomeFundIt™, and List & Lock™ to offer borrowers & originators what no other lender can. After launching List & Lock™ in early 2023, CMG became the only lender financially invested in helping homeowners SELL their homes.  

When others close doors, CMG grows

Beyond origination growth, CMG has seen an impressive number of employee additions over the past year. In April 2023, CMG acquired the retail division of Homebridge Financial services – a $12 billion origination company. In October, CMG added a new Salem branch following the addition of Premier Mortgage Lending. In November, CMG added Shamrock Home Loans in a New England area expansion. Overall, these additions gave CMG a 60% growth in total employees from 2022 to 2023.

CMG attracts top talent because it gives originators the best of the best. The company recently was named a 2024 Tech100 Mortgage winner for its Clear 2.0 POS opportunity pipeline, which simplifies the opportunity pipeline experience to help loan officers get on top of opportunities faster with less effort.

Learn more about CMG’s culture & growth here.