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 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 second most loans of any reverse mortgage lender, second only to its competitor AAG:

Lender Loans
AMERICAN ADVISORS GROUP 86,750
ONE REVERSE MORTGAGE LLC 17,104
REVERSE MORTGAGE FUNDING LLC 15,693
FINANCE OF AMERICA REVERSE LLC 12,216
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8,611
LIBERTY HOME EQUITY SOLUTIONS INC 7,725
MUTUAL OF OMAHA MORTGAGE INC. 7,500
SYNERGY ONE LENDING INC. 6,849
HIGH TECH LENDING INC 5,424
REVERSE MORTGAGE SOLUTIONS INC 5,001

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.