Leading reverse mortgage lenders in the U.S. 2019, by market share

During the month of October 2019, the company with the largest share of the reverse mortgage market in the United States was American Advisors Group. Its share of 38.74 percent was around 30 percent greater than any other company.

Reverse mortgage volume falls

American Advisors Group was the top lender of Home Equity Conversion Mortgages (HECMs) for October 2019, with 1,277 loan originations. In 2018, the company, which specializes in home equity retirement solutions, closed a total of 9,687 HECMs and ended the year as the leading reverse mortgage company in the United States. However, the overall number of HECMs in the United States dropped by around 35 percent between 2018 and 2019, falling to its lowest number since 2003.

Banks withdraw from reverse mortgage market

In the past, some of the largest banks in the United States featured in the list of leading reverse mortgage lenders; as of June 2019, financial services firm Wells Fargo remained the all-time leading reverse mortgage company in the country. However, banks have exited the reverse mortgage business, and the rankings now feature companies that focus primarily on HECMs. In 2011, Wells Fargo and Bank of America – the two largest providers of HECMs at the time – stopped offering the service because of an unpredictable housing market and the creditworthiness of borrowers.

Leading reverse mortgage lenders in the United States as of October 2019, by market share

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Source

Release date

November 2019

Region

United States

Survey time period

October 2019

Special properties

In terms of number of loans granted.

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Statistics on "Mortgage industry of the United States"

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