The report of the top 100 HECM lenders in the US has been updated for August. Below is a preview of the top 10 reverse mortgage lenders along with their production.
|Rank||Lender||Loans – Month||Loans – YTD|
|1||Wells Fargo Bank||1,665||12,677|
|3||One Reverse Mortgage||420||2,943|
|5||Urban Financial Group||291||1,920|
|6||American Advisors Group||198||1,054|
|8||Security One Lending||164||847|
|9||First National Bank Layton||84||391|
|10||New Day Financial||73||485|
View all the reports. Many of our readers may be asking why, if Wells Fargo is out of the business, are they still showing up as the number 1 HECM lender? The reason is that endoresments will typically trail applications by 3-4 months.