Mutual of Omaha Reverse Mortgage
Mutual of Omaha Mortgage closed more HECMs, the FHA-insured reverse mortgage for homeowners 62 and older, than any other lender in HUD's records.
NMLS 1025894: license record · CFPB complaints
Mutual of Omaha Mortgage closed 3,842 reverse mortgages from October 2025 to August 2026, after 5,006 in fiscal 2025, and lent in 50 states and DC. 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
Stars on review sites mostly tell you how one loan officer handled one call. For a fuller picture, check two public records. NMLS Consumer Access tells you if your loan officer and the company hold licenses in your state. You can find complaints about Mutual of Omaha Mortgage and the company's responses in the Consumer Financial Protection Bureau's database. Read them both before signing.
Mutual of Omaha reverse mortgage calculator or ours
Since any truthful HECM calculator relies on HUD's principal limit factors, your age, the home's value and the expected rate shape the number, not the lender. Starting from that table, the reverse mortgage estimate subtracts the upfront insurance, an origination fee set at HUD's cap and normal closing costs, giving you a number that could come to you. A lender's quote may vary because of its margin and the appraisal.
Mutual of Omaha Mortgage beside the other two biggest lenders
| Measure | Mutual of Omaha Mortgage |  Finance of America Reverse |  Longbridge Financial |
|---|---|---|---|
| Loans | 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 |
Across all 22,318 HECMs in those months, the median home value was $439,000, the median principal limit $193,982 and the median starting rate 5.75%.
Is Mutual of Omaha Mortgage a good choice for a reverse mortgage?
HUD's loan files cannot rate service, but they do show how this lender's loans compare with everyone else's.
What counts in its favour
- Rank 1 of 1705 HECM lenders, with 3,842 loans in 50 states and DC: few companies have closed more of them.
- 5.9% of its HECMs paid for a home purchase, against 5.5% across all lenders, so it has handled more home purchases than most.
What to check before you sign
- Its median starting rate, 5.875%, was above the 5.75% median for all HECMs in the same months. Ask for its margin in writing and compare it.
- At 3,842 loans in 11 months, it is on pace for about 4,191 this fiscal year, fewer than the 5,006 it closed in fiscal 2025.
- HUD counts show how many loans a lender closes, not how it treats borrowers. Read its CFPB complaints and ask who will service the loan.
Whichever lender you pick, the loan is the same HECM: HUD's lending limit, insurance and fee caps apply to all of them, a HUD-approved counselor must talk you through it first, and your heirs never owe more than 95% of the home's appraised value to keep it (what happens after death).
In which states does Mutual of Omaha Mortgage do the most lending?
| State | Loans |
|---|---|
| California | 467 |
| Florida | 304 |
| Texas | 298 |
| North Carolina | 211 |
| Ohio | 162 |
Of its loans, 227 were HECM for purchase loans and 158 were refinances of an older reverse mortgage. For its license and any complaints, see NMLS 1025894 and the CFPB complaint database. The counts come from HUD's monthly HECM endorsement snapshots; you can download the full lender file as a free CSV on 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.