JUNE 2024 UPDATE

Based on MMI's latest data, the following benchmarks provide mortgage industry professionals with a quick snapshot of current mortgage production trends. All monthly benchmarks reflect production data from June 2024. 

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For comparative purposes, MMI divides national lenders into three tiers based on their rolling 12-month production volume. The tiered rankings are:

• Prime >$5B

• Capital $500M-$5B

• Select $50-500M

The following data represents production from June 2024.

PRIME TIER

Avg Production Prior Month

$1.1B

Avg Transaction Count: 3,135.2

CAPITAL TIER

Avg Production Prior Month

$120.5M

Avg Transaction Count: 359.9

SELECT TIER

Avg Production Prior Month

$12.5M

Avg Transaction Count: 38.6

GROWTH/LOSS

% Change from Prev Month

-12.2%

Transaction Count: -13.4%

DEAL SIZES

Average Deal Size

$434.2K

Median Deal Size: $294,192

TRANSACTION TYPES

% Purchase

49%

GROWTH/LOSS

% Change from Prev Month

-9.8%

Transaction Count: -11.7%

DEAL SIZES

Average Deal Size

$382.2K

Median Deal Size: $277,343

TRANSACTION TYPES

% Purchase

47%

GROWTH/LOSS

% Change from Prev Month

-9.5%

Transaction Count: -11.7%

DEAL SIZES

Average Deal Size

$415.3K

Median Deal Size: $260,000

TRANSACTION TYPES

% Purchase

48%

MMI divides loan officers into six ranking tiers for comparative purposes based on their rolling 12-month production volume. Loan officers producing under $2M are unranked. The following data represents loan officer production for June 2024.

LOAN OFFICER DEALS

Avg $ in Production

$1.2M

Avg. # of Deals: 3.53

DEAL SIZES

Average Deal Size

$360.5K

Median Deal Size: $290.0K

TRANSACTION TYPES

% Purchase

46.9%

The following growth and decline for states and counties represent purchase and construction production volume variance between May and June 2024.