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.
|3||Bank of America||8079||-32.7%|
|5||World Alliance Financial||5835||49.4%|
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.