Reverse Market Insight published its wholesale lender report for April and shows that JB Nutter’s warehouse line problems impacted their wholesale business hard as its endorsement volume fell to 233 loans from 1331 in the previous month.
Despite its major drop in volume, data shows that Nutter still has the highest capture rate of its brokers which send 48% of their business to the company. Genworth has the lowest capture rate among the top wholesale lenders with 15%. Below is a list of the top wholesale reverse mortgage lenders through April 2009.
|3||Bank of America||9,357||6.6%|
|5||World Alliance Financial||5,150||70.4%|
Assuming Nutter’s wholesale numbers bounce back in May I’d expect them to take the top spot back from Financial Freedom.