Top National Reverse Mortgage Lenders Through Q3 2008

Posted by Charles D

September 28, 2008

Below you will find a list of the top mortgage lenders in the US, through Q3 of 2008. I have been predicting for some time that as the economy searches for footing, reverse mortgage closings would also decline. However relative to standard mortgages the drop off has not been as drastic.

Chart Courtesy of HUD.

Rank	Lender	Endorsed Loans
1	WELLS FARGO BANK NA	1473
2	FINANCIAL FREEDOM SENIOR FUNDI	477
3	COUNTRYWIDE BANK FSB	389
4	WORLD ALLIANCE FINANCIAL CORP	234
5	LIBERTY REVERSE MORTGAGE INC	213
6	FIRST MARINER BANK	180
7	BANK OF AMERICA NA CHARLOTTE	166
8	ACADEMY MORTGAGE LLC	138
9	OMNI HOME FINANCING INC	123
10	GENERATION MORTGAGE COMPANY	99
11	AMERICAN REVERSE MORTGAGE CORP	97
12	URBAN FINANCIAL GROUP	95
13	EVERBANK REVERSE MORTGAGE LLC	85
14	PACIFIC REVERSE MORTGAGE INC	82
15	1ST AAA REVERSE MORTGAGE INC	80
16	M AND T BANK	76
17	STAY IN HOME MORTGAGE INC	76
18	SENIOR AMERICAN FUNDING INC	71
19	1ST SOURCE FUNDING INC	68
20	EQUIPOINT FINANCIAL NETWORK IN	65
21	HARVARD HOME MORTGAGE INC	56
22	LIVE WELL FINANCIAL INC	53
23	NEW HORIZONS REVERSE MORTGAGE	50
24	SENIORS EQUITY INCOME INC	50
25	ALLIED HOME MORTGAGE CAPITAL C	47
26	GRIFFIN FINANCIAL MORTGAGE LLC	45
27	JAMES B NUTTER AND COMPANY	44
28	M AND I MARSHALL AND ILSLEY BA	43
29	CROSSFIRE FINANCIAL NETWORK	43
30	UPSTATE CAPITAL INC	40
31	FUTURESAFE FINANCIAL CORPORATI	40
32	OASIS LENDING INC	39
33	CITIZENS MORTGAGE CORPORATION	37
34	CIRCLE MORTGAGE CORPORATION	36
35	ONE MORTGAGE NETWORK LLC	35
36	FIRST REVERSE FINANCIAL SERVIC	35
37	JUDITH O SMITH MORTGAGE GROUP	34
38	AMWEST CAPITAL MORTGAGE INC	34
39	GUARDIAN FIRST FUNDING GROUP L	33
40	ACCESS REVERSE MORTGAGE CORPOR	33
41	REVERSE MORTGAGES OF CA IN	33
42	FRONTIER FINANCIAL INC	33
43	FIDELITY FIRST MORTGAGE COMPAN	32
44	VAN DYK MORTGAGE CORPORATION	31
45	AMERICAN PACIFIC MORTGAGE	28
46	GREENLIGHT FINANCIAL SERVICES	28
47	NFM INC	27
48	FIRST TENNESSEE BANK NA	27
49	SEATTLE MORTGAGE COMPANY	27
50	ACCEPTANCE CAPITAL MORTGAGE CO	26
51	1ST CONTINENTAL MORTGAGE INC	26
52	WEBSTER BANK	25
53	FIRST CALL MORTGAGE COMPANY	25
54	HOME CAPITAL FUNDING	25
55	NET EQUITY FINANCIAL INC	25
56	AMERICAN MORTGAGE GROUP INC	24
57	VALUE FINANCIAL MORTGAGE SERVI	24
58	AMERICAN HOME LOAN INC	24
59	WWMF INC	24
60	PREMIER MORTGAGE FUNDING INC	22
61	PARK PLACE REVERSE MORTGAGE IN	22
62	RESIDENTIAL EQUITY FUNDING COR	22
63	TOWNE AND COUNTRY MORTGAGE SVC	21
64	SUN AMERICAN MORTGAGE CO	21
65	WSB MORTGAGE SERVICES INC	21
66	FIFTH THIRD BANK	21
67	LOANWELL FINANCIAL CORPORATION	21
68	CHERRY CREEK MORTGAGE CO INC	21
69	MORTGAGE CREDIT INC	20
70	POPULAR MORTGAGE INC	20
71	MANHATTAN MORTGAGE CORPORATION	20
72	AMERICAN ADVISORS GROUP	20
73	UNITY MORTGAGE CORP	20
74	FIRST FINANCIAL MORTGAGE CORP	19
75	AMERICAN SENIOR FUNDING CORPOR	19
76	MORTGAGESHOP LLC	18
77	NATIONAL CITY BANK	18
78	ARK-LA-TEX FINANCIAL SERVICES	18
79	CITYONE MORTGAGE BANKERS INC	18
80	METLIFE BANK NATIONAL ASSOCIA	18
81	EVOFI ONE	18
82	CARTERET MORTGAGE CORPORATION	18
83	SOUTHPORT BANK	17
84	SECURITYNATIONAL MORTGAGE COMP	17
85	COLONIAL MORTGAGE CORP	17
86	AMERITIME MORTGAGE COMPANY LLC	17
87	SAVINGS FIRST MORTGAGE LLC	16
88	ENVISION LENDING GROUP INC	16
89	AMTEC FUNDING GROUP LLC	16
90	APEX LENDING INC	16
91	SENIORS FIRST MORTGAGE COMPANY	16
92	SENIOR FUNDING ASSOCIATES	16
93	FRANK J WEAVER INC	16
94	FAIRWAY INDEPENDENT MORTGAGE C	16
95	GUILD MORTGAGE COMPANY	15
96	HOMEOWNERS FRIEND MORTGAGE COM	15
97	ALLIED MORTGAGE GROUP INC	15
98	REVERSE MORTGAGE ADVANTAGE INC	15
99	BHC MORTGAGE NETWORK INC	14
100	MONEY HOUSE INC	14