Top Wholesale Reverse Mortgage Lenders, Urban Remains Number One

NewImage.jpgWholesale reverse mortgage volume fell 7.4% from March, coming at 2,813 units during April according to the latest report from Reverse Market Insight. Retail production also fell 3.3% from March.

Large reverse mortgage lenders continue to dominate the industry, controlling 88.9% of April’s volume.

Urban Financial was the top wholesale reverse mortgage lender for the second month in a row according to data form the US Department of Housing and Urban Development. The Tulsa, OK based lender came in with 586 units, followed by MetlIfe with 530 loans.

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Bank of America (418 units), Generation (336 units), and Financial Freedom (247 units) rounded out the top 5 wholesalers during April.

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Wholesale Leaders – April 2010

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