Mutual of Omaha Reverse Mortgage
Homeowners 62 and older can get HECMs, the FHA-insured reverse mortgage, from Mutual of Omaha Mortgage, a lender.
By HUD loan count from October 2025 to August 2026, it's ranked 1 out of 1,705.
For all HECMs, October 2025 to August 2026, the median home value was $439,000 and the median starting rate was 5.75%.
You get the same HECM estimate no matter which lender you choose. But a lender's quote can still differ because of its margin and the appraisal.
It lent most often in California (467), Florida (304) and Texas (298).
NMLS 1025894: license record · CFPB complaints
In 49 states and DC, Mutual of Omaha Mortgage made 3,842 reverse mortgage loans between October 2025 and August 2026, after closing 5,006 in fiscal 2025. Its reverse mortgage business grew out of Synergy One Lending, a top-five HECM lender that Mutual of Omaha Bank bought in 2018, as HousingWire reported.
Mutual of Omaha reverse mortgage reviews and complaints
Review site stars usually show you how one loan officer did on one call. To see a fuller picture, look at two public records. Through NMLS Consumer Access, you can check whether your loan officer and the company are licensed in your state. Complaints and responses for Mutual of Omaha Mortgage are available in the Consumer Financial Protection Bureau's database. Go through both of them before you sign anything.
Check the CFPB results for the number of complaints received over recent years, their topics, and whether the company replied on time.
Mutual of Omaha reverse mortgage calculator or ours
A truthful HECM calculator pulls from HUD's principal limit factors, so the number comes from your age, what the home is worth and the expected rate, not the lender. The reverse mortgage estimate uses that table and then removes the upfront insurance, an origination fee set to HUD's cap and typical closing costs, so the number it shows is what you could end up with. The lender's margin and the appraisal may change the quote you receive.
How Mutual of Omaha Mortgage compares to the other two biggest lenders
| HUD figures | Mutual of Omaha Mortgage |  Finance of America Reverse |  Longbridge Financial |
|---|---|---|---|
| Loans in these months | 3,842 | 2,755 | 2,116 |
| Fiscal 2025 loans | 5,006 | 3,863 | 2,258 |
| Median home value | $401,500 | $415,000 | $403,500 |
| Median principal limit | $173,990 | $181,074 | $179,954 |
| Median starting rate | 5.875% | 5.625% | 5.75% |
| For purchase loans | 227 | 19 | 44 |
| Refinances | 158 | 161 | 100 |
For all 22,318 HECMs during those months, the median home value came to $439,000, with a median principal limit of $193,982 and a median starting rate of 5.75%.
Is a reverse mortgage with Mutual of Omaha Mortgage a sensible option?
You won't find a service rating in HUD's loan files, though they do let you compare this lender's loans against all others.
Points in its favour
- In these months, it closed more HECMs than any other lender: rank 1 out of 1,705, with 3,842 loans across 49 states and DC.
- Home purchases made up 5.9% of its HECMs; the overall share is 5.5%, meaning it handles more purchases than most lenders.
Points to review before you sign
- At 5.875%, its median starting rate sat above the 5.75% median that all HECMs posted in the same months. Get its margin on paper and see how it compares.
- Over 11 months it closed 3,842 loans, which projects to roughly 4,191 this fiscal year, a drop from fiscal 2025, when it closed 5,006.
- HUD data covers the number of loans a lender closes, not the way it serves its borrowers. Review its CFPB complaints, and find out who services the loan.
No matter which lender you go with, you're getting the same HECM loan: HUD's lending limit, insurance rules and fee caps cover every one, you must first speak with a HUD-approved counselor, and your heirs can hold onto the home by repaying the balance or 95% of the appraised value, whichever is lower (what happens after death).
Which states does Mutual of Omaha Mortgage lend in the most?
| State | Loans |
|---|---|
| California | 467 |
| Florida | 304 |
| Texas | 298 |
| North Carolina | 211 |
| Ohio | 162 |
It had 227 HECM for purchase loans and 158 that refinanced a prior reverse mortgage. You can find its license record and any complaints through NMLS 1025894 and the CFPB complaint database. HUD's monthly HECM endorsement snapshots supply the counts, and a free CSV of the complete lender file is ready for download at reverse mortgage companies.
Want a quote to set beside Mutual of Omaha Mortgage? Call (833) 962-5300. A reverse mortgage specialist answers; we are not a lender.