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National Mortgage Professional
Jul 07, 2005

Financial Freedom concludes record yearmortgagepress.comFinancial Freedom, reverse mortgages, record number Financial Freedom has closed a record number of reverse mortgage loans in 2004 with 19,850 loans, a 44 percent increase over the company's loan volume and previous industry record in 2003. The company also funded more than $1.6 billion in loans, a 75 percent increase over the previous year's total. Fundings for the month of December set an all-time record, as Financial Freedom produced 2,133 loans, which was five percent above the companys previous record set in November of 2004. The popularity of reverse mortgages has also helped further increase Financial Freedom's total market share to 51 percent in units and to 55 percent in loan proceeds. At the end of 2003, the company's market share stood at 48 percent and 49 percent respectively. Based in Irvine, Calif., Financial Freedom is an originator and servicer of reverse mortgage loans. For more information, call (888) 738-3773 or visit www.financialfreedom.com.
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