Reverse Market Insight reports that after last month’s 20% drop, wholesale volume picked up a bit in June, growing just north of 8% to 4,623 units, with trailing 12 month volume coming in at 60,448.
Below is a list of the top wholesale reverse mortgage lenders over the last 12 months.
| Lender | Units | Growth | |
| 1 | Financial Freedom | 14,291 | -38.2% |
| 2 | JB Nutter | 13,819 | 18.9% |
| 3 | Bank of America | 8,343 | -25.0% |
| 4 | MetLife | 5,864 | 105.3% |
| 5 | World Alliance Financial | 5,603 | 50.6% |
| 6 | Generation Mortgage | 2,908 | 270.0% |
| 7 | Urban Financial | 2,269 | 419.2% |
| 8 | Genworth Financial | 1,922 | 193.3% |
| 9 | Sun West | 1,798 | NA |
| 10 | Wells Fargo | 1,396 | 638.6% |
What I find even more interesting is the wholesale numbers for the month of June. MetLife took the #1 spot for the first time and we see Urban Financial/Reverseit enter the top 5. Below is a list graph showing the top 5 wholesalers volume for June 2009.
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It makes sense that Met would take number 1 spot since they had the best fixed rate reverse exclusively during that time.
Can't beat 5.56%!
ACn someone explain how these numbers are assembled? I'm unclear if B of A's numbers, for example, include their retail and wholesale originations. If it includes a retail origination does it count in their wholesale numbers?
The numbers in our Wholesale Leaders report do include both Retail and Wholesale production. The quick chart in the post refers exclusively to Wholesale production for the month of June for respective lenders.
If you are looking at the HUD endorsement reports you are looking at loans closed in the particular lenders name. So if you are a mini eagle and you are closing in your name (almost always), those loans do not count towards your sponsors numbers. Reports like Reverse Market Insight often break numbers into retail and wholesale.
LTW,
Its strictly wholesale just as the title implies.
met life is the anti christ of the reverse mortgage industry they take FOREVER to close a loan for starters there broker support is a total joke because there is none at all i almost lost my whole biz because of them 40 loans cant close any of them at all what so ever THE ABSOLUTE WORST I HAVE EVER SEEN
met life is the anti christ of the reverse mortgage industry they take FOREVER to close a loan for starters there broker support is a total joke because there is none at all i almost lost my whole biz because of them 40 loans cant close any of them at all what so ever THE ABSOLUTE WORST I HAVE EVER SEEN