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
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.