The PNC Financial Services Group has announced the launch of a joint venture with Wells Fargo Home Mortgage to make homeownership easier for customers in the Greater Washington area.PNC said the venture, PNC Mortgage LLC, will offer a wide range of home financing products and services and will enable PNC Bank customers to apply for mortgages through consultants based in branches, PNC Advisors' offices, and PNC's call center. Though the launch of PNC Mortgage is in Greater Washington, it will expand to include all PNC markets later this year, the company said. PNC Financial can be found online at http://www.pnc.com.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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