Five reverse mortgage lenders led by [tag]Wells Fargo[/tag] have topped the 1000 mark in [tag]Home Equity[/tag] Conversion Mortgages ([tag]HECM[/tag]) through the first eight months of 2006. A sixth lender - [tag]American Reverse Mortgage Corp[/tag]. - fell just shy of the 1000 mark.
Last year through August only three lenders had originated more than 1000 HECMs led by Wells Fargo at 10,301.
A list of the top 100 [tag]HECM originators[/tag] through August 2006 follows:
Top Home Equity Conversion Mortgage Lenders for Current Year
Rank
Lender
Endorsed Loans
1
WELLS FARGO BANK NA
16800
2
FINANCIAL FREEDOM SENIOR FUNDI
5177
3
SEATTLE MORTGAGE COMPANY
2189
4
LIBERTY REVERSE MORTGAGE INC
1390
5
BNY MORTGAGE COMPANY LLC
1203
6
AMERICAN REVERSE MORTGAGE CORP
993
7
HOME CENTER MORTGAGE
665
8
ACADEMY MORTGAGE LLC
618
9
PACIFIC REVERSE MORTGAGE INC
617
10
LIBERTYSTREET FINANCIAL GROUP
611
11
FIRST MARINER BANK
588
12
NEW HORIZONS REVERSE MORTGAGE
437
13
CIRCLE MORTGAGE CORPORATION
420
14
REVERSE MORTGAGES OF CA IN
393
15
MERIT FINANCIAL INC
376
16
GRIFFIN FINANCIAL MORTGAGE LLC
370
17
AAA REVERSE MORTGAGE OF TEXAS
341
18
AMSTON MORTGAGE
335
19
VERTICAL LEND INC
315
20
SUN AMERICAN MORTGAGE CO
310
21
CALIFORNIA REVERSE MORTGAGE CO
303
22
URBAN FINANCIAL GROUP
300
23
AMERICAN MORTGAGE PROFESSIONAL
293
24
SENIOR FUNDING ASSOCIATES
289
25
M AND T MORTGAGE CORPORATION
269
26
WWMF INC
268
27
CARTERET MORTGAGE CORPORATION
267
28
U.S. FINANCIAL MORTGAGE CORPOR
266
29
LOAN LINK FINANCIAL SERVICES
240
30
SEMINOLE FUNDING INC
239
31
SENIOR FREEDOM CORP
237
32
MOUNTAIN PACIFIC MORTGAGE CO
232
33
WEBSTER BANK
232
34
GATEWAY FUNDING DIVERSIFIED MT
216
35
SENIORS FIRST MORTGAGE COMPANY
214
36
FIFTH THIRD BANK
208
37
REVERSE MORTGAGE LENDING INC
202
38
HOMESTAR MORTGAGE INC
181
39
ALLIED HOME MORTGAGE CAPITAL C
175
40
CLARION MORTGAGE CAPITAL INC
172
41
UNIVERSAL LENDING CORPORATION
167
42
WSB MORTGAGE SERVICES INC
165
43
SENIORS REVERSE MORTGAGE
165
44
AMERICAN SENIOR FUNDING CORPOR
164
45
TRANSLAND FINANCIAL SERVICES I
161
46
FARWEST MORTGAGE BANKERS INC
158
47
SENIORS EQUITY INCOME INC
155
48
OMNI HOME FINANCING INC
144
49
SAFEWAY MORTGAGE INC
140
50
FIRST FINANCIAL MORTGAGE CORP
137
51
HURST FINANCIAL CORP
137
52
EVERBANK
136
53
FIRST MAGNUS FINANCIAL CORP
134
54
SUN VALLEY FINANCIAL OF UTAH I
131
55
VALUE FINANCIAL MORTGAGE SERVI
130
56
NETWORK FUNDING LP
128
57
ACCESS REVERSE MORTGAGE CORPOR
128
58
GSF MORTGAGE CORPORATION
127
59
INDYMAC BANK FSB
126
60
CONTINENTAL FUNDING CORP
126
61
ADVENT MORTGAGE CO INC
124
62
FAST TRACK FUNDING CORP
124
63
RESIDENTIAL LOAN CENTERS OF AM
118
64
CALIFORNIA FUNDING CORP
117
65
GMAC MORTGAGE CORPORATION
117
66
CARROLLTON MORTGAGE CO
116
67
RBC CENTURA BANK
115
68
SCME MORTGAGE BANKERS INC
115
69
MONTGOMERY MORTGAGE INC
107
70
SENIOR AMERICAN FUNDING INC
103
71
FIRST ALLIANCE MORTGAGE CO
103
72
AMSTAR MORTGAGE CORPORATION
98
73
FIRST MIDWEST BANK
98
74
NETWORK SOURCE FUNDING INC
97
75
SEQUOIA MORTGAGE CAPITAL INC
95
76
AGENCY FOR CONSUMER EQUITY MOR
95
77
AMERICA’S MORTGAGE BROKER LLC
95
78
OCEANFIRST BANK
94
79
AIG FEDERAL SAVINGS BANK
94
80
HARVARD HOME MORTGAGE INC
93
81
RELIANCE MORTGAGE CO
93
82
UNITED PACIFIC MORTGAGE
93
83
ALL AMERICA REVERSE MORTGAGE L
91
84
FEDERAL MORTGAGE AND INVESTMEN
91
85
E-LOANSTOGO.COM
90
86
TRAVIS MORTGAGE LLC
88
87
ARGENT FINANCIAL INC
88
88
SIDUS FINANCIAL LLC
87
89
FIRST NATIONS HOME FINANCE COR
87
90
SENIOR FINANCE CENTER
83
91
AMERICAN PACIFIC MORTGAGE
82
92
EMPIRE EQUITY GROUP INC
81
93
FIRST CALIFORNIA FUNDING GROUP
80
94
CAMPBELL FINANCIAL SERVICES
80
95
ALETHES LLC
79
96
FAIRWAY MORTGAGE INC
77
97
CARDINAL FINANCIAL COMPANY
76
98
COLUMBIA RIVER BANKING COMPANY
75
99
THIRD COMMUNITY MORTGAGE CORP
75
100
UNITY MORTGAGE CORP
74
Disclaimer:
The information published and opinions expressed here are for informational purposes only. Nothing contained herein constitutes financial, legal, tax, or other advice. Important financial decisions should only be made after obtaining advice from a qualified expert familiar with your specific circumstances.
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