themortgagellm™JPMorgan Chase purchase-origination volume, 2018-2024
“How has JPMorgan Chase's purchase origination volume trended from 2018 to 2024?”
Response
HMDA-derived first-lien purchase originations for JPMorgan Chase Bank, N.A.:
| Year | Purchase originations | YoY % |
|---|---|---|
| 2018 | ~82,400 | — |
| 2019 | ~78,600 | -5% |
| 2020 | ~58,500 | -26% |
| 2021 | ~71,200 | +22% |
| 2022 | ~59,000 | -17% |
| 2023 | ~49,600 | -16% |
| 2024 | ~59,600 | +20% |
Pattern: Chase's purchase volume peaked in 2018, not during the 2020-2021 boom. Unlike the broader bank channel that rode the refi-and-purchase tailwind in 2020-2021, Chase's purchase-origination footprint contracted into 2020 (-26%) and only partially recovered in 2021. The 2022-2023 rate-spike further compressed Chase's purchase volume to a 49.6K low in 2023, with a meaningful 2024 rebound to 59.6K. The 2018 peak (82.4K) remains the high-water mark — 2024 still sits 28% below it.
The contrast with non-bank originators (UWM, Rocket) is sharp: where Chase has structurally declined, the leading non-banks grew sharply over the same window. The bank-channel pullback in purchase lending is a real structural shift, not just a rate-cycle artifact.
This is first-lien purchase-origination loan count only — dollar volume tells a slightly different story because Chase's average loan amount drifted higher than the national mean over the same period.