Top 100 HECM Lenders: June 2011

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.

Rank  Lender  Loans  Percent 
 1  Wells Fargo Bank  1,639  27.98%
 2  MetLife Bank  1,079  18.42%
 3  Urban Financial  433  7.39%
 4 One Reverse Mortgage  327  5.58%
 5  Genworth Financial  228  3.89%
 6  Generation Mortgage  220  3.76%
 7  American Advisors Group  156  2.66%
 8  Security One Lending  123  2.10%
 9  Reverse Mortgage, USA  105  1.79%
10 Financial Freedom 89 1.52%
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.

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