Largest reverse mortgage lenders in the U.S. 2023, by volume of loans

Published by Statista Research Department, Oct 2, 2024

In 2023, Mutual Of Omaha Mortgage Inc. was the largest reverse mortgage lender with over 5,000 home equity conversion mortgage (HECM) originations. A HEMC, or a reverse mortgage, allows homeowners aged 62 or older to receive a loan based on the home equity they have established – typically up to 80 percent of the property’s value. Unlike a traditional mortgage where monthly repayments are made, a reverse mortgage loan is only repaid when the borrower moves from the property or passes away. By this time, the borrower will owe more than what they originally borrowed because fees and interest charges are added to the balance of the loan each month. As of 2024, Wells Fargo was still the all-time largest lender.

Largest reverse mortgage lenders in the United States in 2023, by total volume of HECM loans

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Release date

September 2024

Region

United States

Survey time period

2023

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