The report of the top 100 HECM lenders in the US has been updated. Below is a preview of the top 10 reverse mortgage lenders as well as numbers 98, 99 and 100 to show the range of reverse loans originated monthly.
|1||Wells Fargo Bank||1,639||27.98%|
|4||One Reverse Mortgage||327||5.58%|
|7||American Advisors Group||156||2.66%|
|8||Security One Lending||123||2.10%|
|9||Reverse Mortgage, USA||105||1.79%|
|98||Homeowners Financial Group||3||0.05%|
|99||Skyline Financial Corporation||3||0.05%|
|100||Homeservices Lending LLC||3||0.05%|
The top spot is up for grabs now with the Exit of Wells Fargo from the reverse mortgage business. I’m curious as to whether we will see one major player take a majority of the market share that Wells Fargo is leaving behind or if we’ll see a more even distribution amongst all the players in the reverse mortgage industry.