Top 100 HECM Lenders: August 2011

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
2 MetLife Bank 936 5,871
3 One Reverse Mortgage 420 2,943
4  Generation Mortgage 405 1,962
5  Urban Financial Group 291 1,920
6 American Advisors Group 198 1,054
7 Genworth Financial 165 1,151
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.

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