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« Reverse Mortgages Could Ruin Your Finances? Local Media Gets it Wrong
Exclusive: Interview With CEO of AAG »

Top Wholesale Reverse Mortgage Lenders Through July 2009

August 21st, 2009  |  by admin Published in News, Reverse Mortgage, Top HECM Lenders  |  3 Comments

image Wholesale reverse mortgage production made up 5,392 of the 9,828 units in July, bringing the YTD number to 35,204 according to data from Reverse Market Insight.  Below is a list of the top 10 wholesale reverse mortgage lenders over the last 12 months.

  Lender Units Growth
1 Financial Freedom 12860 -40.9%
2 JB Nutter 12804 -0.8%
3 Bank of America 8079 -32.7%
4 MetLife 6606 115.2%
5 World Alliance Financial 5835 49.4%
6 Generation Mortgage 3389 294.5%
7 Urban Financial 2473 393.6%
8 Genworth Financial 2224 211.9%
9 Sun West 1639 NA
10 Wells Fargo 1536 601.4%

The trailing 12 month totals doesn’t show you how the wholesale business has changed over the last few months. 

If you take a look at the chart below which shows the top 5 wholesalers from July 2009.  Notice anything different?  JB Nutter has fallen out of the top 5 and Financial Freedom just made it coming in at #5.  While the both of them are hurting, wholesalers like MetLife, Generation, and World Alliance Financial are picking up market share. 

 

Wholesale Leaders – July 2009

Technorati Tags: Reverse Mortgage,News,HECM,FHA,HUD,Top Wholesale Lenders
    Related Posts
  • Top Wholesale Reverse Mortgage Lenders of 2009 Update
  • Generation Mortgage’s Wholesale Business Sees Growth in 2009
  • Wholesale Reverse Mortgage Volume Down 7% in 2009, Financial Freedom Holds On


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  1. john says:

    August 21st, 2009 at 10:24 am (#)

    It will be a relief to get away from MetLife as they cannot handle thier volume. Reminds me of the good old Bank of New York days. 3 months to close a loan!!! And they have no respect for thier partners who send them all the business.

  2. seniorhelper says:

    August 21st, 2009 at 11:28 am (#)

    If you are looking for a wholesale lender who will provide personalized service and very quick turn-times on underwriting you should take a look at Live Well Financial. I have been working with them for over 5 months now and have been very impressed. Whenever I call, they answer the phone. Whenever I have a problem, they work with me to get resolution. Whenever i need to move a file quickly, they are able to accommodate. That and they now have a full suite of variable and fixed-rate products. I wouldn't work with anyone other than Live Well.

  3. Admin says:

    August 21st, 2009 at 11:38 am (#)

    Senior Helper, considering your post came from Live Well Financial's IP address, it's pretty obvious you work there…

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