Mutual of Omaha Mortgage remained the nation’s largest reverse mortgage lender in May, even as overall Home Equity Conversion Mortgage (HECM) endorsements continued to decline, according to a report released Monday by HECMWorld.com that utilizes data from Reverse Market Insight (RMI).

Mutual of Omaha recorded 423 HECM endorsements during the month, upping its total to 2,169 on a year-to-date basis. That represents a 21.5% market share. But the lender’s production fell 14.9% from April and was down 9.4% from the same period a year earlier.

Finance of America ranked second with 407 endorsements in May and 2,017 year details ⇒

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