Wholesale reverse mortgage volume for the month of September totaled 5,567 units, up 6.1% from August and marking the 6th highest wholesale volume month on record according to data from Reverse Market Insight.
For fiscal year 2009, wholesale endorsements totaled 60,798, dropping just under 1% from FY 2008. Financial Freedom took home the #1 reverse mortgage wholesale spot in FY 2009 with JB Nutter coming in at #2.
Taking a look at the top 5 wholesalers for the month of September shows how much things have changed over the last year, but Financial Freedom still holds the #1 spot. One pleasant surprise is Sun West entering the top 5 for the first time in a while.
Also, Genworth’s wholesale business doesn’t seem to be slowing down, coming in with 771 units endorsed in September.