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 | 89,793,500 |
| 2015-02-01 | 500 | 101,732,940 |
| 2015-03-01 | 487 | 102,924,300 |
| 2015-04-01 | 439 | 91,448,830 |
| 2015-05-01 | 518 | 108,376,580 |
| 2015-06-01 | 534 | 110,930,240 |
| 2015-07-01 | 333 | 68,886,706 |
| 2015-08-01 | 392 | 92,491,820 |
| 2015-09-01 | 353 | 75,917,449 |
| 2015-10-01 | 317 | 74,507,050 |
| 2015-11-01 | 357 | 84,243,309 |
| 2015-12-01 | 351 | 84,433,550 |
| 2016-01-01 | 287 | 65,220,400 |
| 2016-02-01 | 330 | 84,926,200 |
| 2016-03-01 | 322 | 79,477,400 |
| 2016-04-01 | 316 | 77,683,750 |
| 2016-05-01 | 316 | 82,370,833 |
| 2016-06-01 | 283 | 70,279,396 |
| 2016-07-01 | 271 | 69,583,700 |
| 2016-08-01 | 297 | 70,570,400 |
| 2016-09-01 | 248 | 59,265,223 |
| 2016-10-01 | 242 | 61,444,107 |
| 2016-11-01 | 270 | 64,439,550 |
| 2016-12-01 | 294 | 69,742,700 |
| 2017-01-01 | 287 | 71,775,100 |
| 2017-02-01 | 222 | 52,392,200 |
| 2017-03-01 | 253 | 65,848,370 |
| 2017-04-01 | 261 | 64,047,450 |
| 2017-05-01 | 266 | 69,074,550 |
| 2017-06-01 | 207 | 56,597,350 |
| 2017-07-01 | 196 | 53,779,750 |
| 2017-08-01 | 313 | 80,093,763 |
| 2017-09-01 | 282 | 77,546,100 |
| 2017-10-01 | 251 | 63,024,000 |
| 2017-11-01 | 276 | 78,917,500 |
| 2017-12-01 | 265 | 71,989,150 |
| 2018-01-01 | 296 | 88,115,300 |
| 2018-02-01 | 252 | 65,527,700 |
| 2018-03-01 | 260 | 70,613,250 |
| 2018-04-01 | 269 | 73,588,200 |
| 2018-05-01 | 214 | 59,563,400 |
| 2018-06-01 | 211 | 59,235,050 |
| 2018-07-01 | 222 | 64,338,350 |
| 2018-08-01 | 267 | 79,859,350 |
| 2018-09-01 | 194 | 59,404,402 |
| 2018-10-01 | 236 | 67,739,900 |
| 2018-11-01 | 204 | 64,456,800 |
| 2018-12-01 | 119 | 35,350,450 |
| 2019-01-01 | 72 | 22,966,012 |
| 2019-02-01 | 324 | 89,261,525 |
| 2019-03-01 | 192 | 55,485,850 |
| 2019-04-01 | 224 | 71,685,708 |
| 2019-05-01 | 218 | 59,352,500 |
| 2019-06-01 | 188 | 64,065,550 |
| 2019-07-01 | 212 | 63,559,350 |
| 2019-08-01 | 224 | 76,489,225 |
| 2019-09-01 | 163 | 51,624,175 |
| 2019-10-01 | 248 | 84,590,855 |
| 2019-11-01 | 158 | 52,606,943 |
| 2019-12-01 | 134 | 47,314,100 |
| 2020-01-01 | 120 | 43,583,275 |
| 2020-02-01 | 114 | 35,406,425 |
| 2020-03-01 | 84 | 32,110,250 |
| 2020-04-01 | 30 | 10,571,600 |
| 2020-05-01 | 59 | 18,831,125 |
Since the beginning of 2015, One Reverse has originated the fourth most loans of any reverse mortgage lender:
| Lender | Loans |
| AMERICAN ADVISORS GROUP | 92,579 |
| FINANCE OF AMERICA REVERSE LLC | 20,589 |
| MUTUAL OF OMAHA MORTGAGE INC. | 19,251 |
| ONE REVERSE MORTGAGE LLC | 17,104 |
| REVERSE MORTGAGE FUNDING LLC | 16,263 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 11,943 |
| LONGBRIDGE FINANCIAL LLC | 8,376 |
| LIBERTY HOME EQUITY SOLUTIONS INC | 7,725 |
| SYNERGY ONE LENDING INC. | 6,849 |
| PHH MORTGAGE CORPORATION | 6,645 |
| HIGH TECH LENDING INC | 5,975 |
| SOUTH RIVER MORTGAGE LLC | 5,342 |
| REVERSE MORTGAGE SOLUTIONS INC | 5,001 |
| LIVE WELL FINANCIAL INC | 4,681 |
| ADVISORS MORTGAGE GROUP LLC | 4,436 |
| OPEN MORTGAGE LLC | 4,332 |
| NATIONWIDE EQUITIES CORPORATION | 4,018 |
| ENNKAR INC. | 3,343 |
| ALL REVERSE MORTGAGE INC. | 3,304 |
| FINANCE OF AMERICA MORTGAGE LLC | 3,092 |
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.
