Kiavi Passes 100,000 Loans Originated
Most Active Markets, Loan Volume Over Time, and More
Kiavi recently announced a historic milestone: originating over 100,000 loans, becoming the first private lender to cross this threshold. This achievement prompted us to analyze their origination patterns and geographic distribution.
In April, Kiavi exceeded $700 million in monthly origination volume, surpassing previous highs from Q4 last year. After first reaching $100 million per month in 2017, they plateaued for several years before resuming aggressive growth from 2021 onward.
Following industry trends, Kiavi experienced decreased loan volume in late 2022 and early 2023. However, they've demonstrated consistent quarter-over-quarter growth since then.
Kiavi maintains an impressive growth trajectory, ranking in the top 30% among the 25 largest private lenders.
Note: CV3 and Encore excluded from analysis due to their exceptional 2024 ramp-up, which would skew comparative data.
Kiavi's 46% year-over-year growth stems from diversified geographic expansion, with Philadelphia, Chicago, and Kansas City showing the strongest increases in loan origination volume.
Kiavi experienced year-over-year declines in only 12 markets, primarily in Florida following their March decision to tighten lending criteria. San Diego represents the only significant declining market outside Florida.
San Diego presents increasing competitive challenges, with established players like Conventus, Anchor, Renovo, and Genesis maintaining strong positions. New entrants are also disrupting the market—notably ARV Finance, which launched in mid-2024 and already claims the #1 position year-to-date.
Kiavi dominates market share across 76 MSAs (minimum 25 originations in trailing 12 months). Their market penetration is remarkable:
Top 10 position in all 25 largest markets
Top 5 position in 23 of 25 largest markets
#1 position in 15 of 25 largest markets
To sustain this exceptional growth, Kiavi is diversifying its product portfolio, including expansion into $3-10 million new construction loans and smaller portfolio lending products. While the overall private lending market remains relatively flat, Kiavi and other major lenders continue capturing increased market share through strategic expansion.
