One Reverse Mortgage Review

All About One Reverse Mortgage

Founded in 2001 and located in San Diego, California, One Reverse Mortgage is a reverse mortgage lender and a member of the National Reverse Mortgage Lenders Association (NRMLA). It’s also one of the best known brands in the industry. For those in the know, this comes as no surprise – One Reverse Mortgage was purchased by Rock Holdings in 2008, a company owned by Quicken Loans, arguably the strongest brand in the business.

Have you ever seen a mortgage commercial starring Henry Winkler, the actor who played Arthur “The Fonz / Fonzie” Fonzarelli on the television show “Happy Days”? These advertisements are for One Reverse Mortgage, and they’re some of the most recognizable within the industry. The commercials promise to help you “take control” of your retirement. The advertising is certainly well done, and many Americans have taken One Reverse Mortgage up on its offer – the company consistently ranks in the top 10 for largest reverse mortgage originators.

Interested in learning more about a reverse mortgage? Click here for more information.

Customer Reviews

One Reverse Mortgage states that 98% of its customers are satisfied, and the company boasts an “A+” rating from the Better Business Bureau. One Reverse has more reviews available on the Internet than most other lenders, including a website maintained by the company itself. This is a common practice among forward mortgage companies, and with the dearth of reviews online, other lenders may be well advised to follow suit.

One Reverse Mortgage Statistics

Here is a breakdown the company’s total originations and total max claim amounts by month:

Date Loans Total Max. Claim
2015-01-01 460 89793500
2015-02-01 500 101732940
2015-03-01 487 102924300
2015-04-01 439 91448830
2015-05-01 518 108376580
2015-06-01 534 110930240
2015-07-01 333 68886706
2015-08-01 392 92491820
2015-09-01 353 75917449
2015-10-01 317 74507050
2015-11-01 357 84243309
2015-12-01 351 84433550
2016-01-01 287 65220400
2016-02-01 330 84926200
2016-03-01 322 79477400
2016-04-01 316 77683750
2016-05-01 316 82370833
2016-06-01 283 70279396
2016-07-01 271 69583700
2016-08-01 297 70570400
2016-09-01 248 59265223
2016-10-01 242 61444107
2016-11-01 270 64439550
2016-12-01 294 69742700
2017-01-01 287 71775100
2017-02-01 222 52392200
2017-03-01 253 65848370
2017-04-01 261 64047450
2017-05-01 266 69074550

Since the beginning of 2015, One Reverse has originated the second most loans of any reverse mortgage lender, second only to its competitor AAG:

Lender Loans
AMERICAN ADVISORS GROUP 23858
ONE REVERSE MORTGAGE LLC 9806
REVERSE MORTGAGE SOLUTIONS INC 4995
LIBERTY HOME EQUITY SOLUTIONS INC 4755
REVERSE MORTGAGE FUNDING LLC 4549
FINANCE OF AMERICA REVERSE LLC 3956
SYNERGY ONE LENDING INC. 2466
LIVE WELL FINANCIAL INC 2459
HIGH TECH LENDING INC 2175
NATIONWIDE EQUITIES CORPORATION 2120

How Do We Feel About One Reverse Mortgage?

Although we have mixed feelings about celebrity driven advertising in the reverse mortgage industry, there’s very little negative press tied to One Reverse Mortgage. Its parent company, Quicken Loans, also has a stellar reputation.

Interested in learning more about a reverse mortgage? Click here for more information.