JSMedia – In January 2022, the Top Reverse Mortgage Lenders were the American Advisors Group, Finance of America Reverse, and Mutual of Omaha/Synergy One. In January of this year, these three companies closed a total of 1,132 loans. All three were named the largest lenders in the industry by Reverse Market Insight. Before making a final decision on your reverse mortgage, make sure to compare your options.
The top reverse mortgage lender is the One Reverse Mortgage Company, which is the largest by volume. They have a ten percent market share and have launched two new versions of the HomeSafe product this year. Reverse Mortgage Funding is the newest lender on this list, but they aren’t the only ones offering these products. As the exclusive FHA lender, they command nearly 5 percent of the reverse mortgage market and have closed nearly 1,000 loans this year.
The second largest reverse mortgage lender is Finance of America Reverse, which has a 10% share of the market. This lender is a pioneer in the development of non-agency reverse mortgages, having released two iterations of their HomeSafe product this year. They also recently announced the first second lien reverse mortgage. The third lender, Reverse Mortgage Funding, is the youngest lender on the list. But they aren’t the new kid on the block.
Top 3 Reverse Mortgage Lenders in 2022
AAG is the largest reverse mortgage lender in the U.S. and has offices in many states. It is fully accredited by the Better Business Bureau, and its website is well-organized and offers a number of useful resources. Its website is easy to navigate and offers a calculator and several loan types. The American Advisors Group’s website has plenty of helpful information, and it’s easy to navigate.
If you’re 62 years or older, a reverse mortgage may be a good choice. The best reverse mortgage lenders have been thoroughly vetted by the National Reverse Mortgage Lenders Association (NRMLA). The NRMLA has a list of the Top 3 Reverse Mortgage Lenders in the U.S., and we have ranked them accordingly. Then, we recommend that you contact the American Advisors Group’s website. Its website is well laid out, and it offers a number of resources and articles for you to reference.
The American Advisors Group is a leading reverse mortgage lender in the U.S. and ranks #1 on the national reverse mortgage lender ranking maintained by the Department of Housing and Urban Development. AAG has excellent customer service, and it continues to get top rankings from consumer surveys and independent reviews. AAG has been rated the number one reverse mortgage lender in the United States by the National Reverse Mortgage Lenders Association.
When it comes to customer service and payout options, the top lenders are Finance of America Reverse, Liberty Home Equity Solutions, and Open Mortgage. Of these three, Finance of America Reverse is the largest reverse mortgage lender in the U.S., and its CEO and founder Scott Gordon has an A+ rating from the Better Business Bureau. These companies are the best in the industry. They all offer competitive pricing. It’s important to read reviews and compare rates, but be cautious with paid advertisements.
AAG has been the largest reverse mortgage lender in the United States since January. They have maintained their number one position in the United States since 2022. AAG’s certified agents are the best in the industry. AAG is also certified by the National Reverse Mortgage Lenders Association and Finance of America Reverse Lenders. While AAG is the leader in the United States, they are not the only reverse mortgage lender in the country.
Longbridge Financial, Reverse Mortgage Funding LLC, and Reverse Mortgage Funding are the top three reverse mortgage lenders by volume. The company closed 1,125 HECM reverse mortgages in June 2019. As a member of the National Reverse Lenders Association, Reverse Money Funding LLC is an excellent choice for those looking for a reputable lender. In addition, they are committed to a commitment to ethical business practices and have received many positive reviews.