Top HECM Lenders in 2007

Below are the top HECM lenders of 2007… so far.  Remember that this list doesn’t include any proprietary products.

  Lender # of Endorsed Loans
1. Wells Fargo Bank NA 7210
2. Financial Freedom Senior Funding 4461
3. Seattle Mortgage Company 1134
4. Liberty Reverse Mortgage Inc 874
5. American Reverse Mortgage Corp 686
6. Vertical Lending Inc 608
7. Omni Home Financing Inc 462
8. Urban Financial Group 452
9. Academy Mortgage LLC 427
10. M and T Bank 421

This information is gathered from the Reverse Mortgage Information web site.  Also, check out his post May HECM Activity Rebounds post that shows

After slipping in April, HECM reverse mortgage loan endorsements (as reported by HUD) posted their second strongest month ever in May. A total of 10,409 HECM loans were endorsed in May. This was only the second time that monthly loan activity has surpassed the 10,000 mark. In March, 10,888 HECM loans were endorsed – the highest ever monthly total. For the most recent 12-month period (June 2006 – May 2007), the average monthly HECM volume was 8,117, the first time this measure has surpassed the 8,000 level.

HECM Loan Activity May 2007

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