Top Wholesale Reverse Mortgage Lenders Through July 2009
August 21st, 2009 | by John Yedinak Published in News, Reverse Mortgage, Top HECM Lenders | 3 Comments
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.
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- Generation Mortgage’s Wholesale Business Sees Growth in 2009
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