Key facts
- Mutual of Omaha Insurance Co. is exploring the sale of its mortgage subsidiary, Mutual of Omaha Mortgage.
- The company has hired investment bank Houlihan Lokey to advise on a potential sale.
- Mutual of Omaha Mortgage closed $11.2 billion in loan volume over the past 12 months.
- The company is based in San Diego and has 158 branches nationwide.
- Mutual of Omaha was the largest reverse mortgage lender in 2025 with 5,740 endorsements.
- As of August 2026, it ranked second in reverse mortgage endorsements with 3,343 loans.
Mutual of Omaha Insurance Co. is considering selling its mortgage division, Mutual of Omaha Mortgage, a significant player in the reverse mortgage market. The company has engaged investment bank Houlihan Lokey to explore a potential sale, though a final decision has not been made and plans could change, according to a Bloomberg report citing anonymous sources.
Mutual of Omaha Mortgage, based in San Diego, has 954 loan officers and closed $11.2 billion in total loan volume over the last 12 months. Its reverse mortgage business accounted for $4.2 billion of that volume in the past year. The company also originated conventional loans ($3.9 billion), FHA loans ($1.4 billion), and VA loans ($939 million) during the same period.
In the Home Equity Conversion Mortgage (HECM) sector, Mutual of Omaha was the leading lender in 2025 with 5,740 endorsements, surpassing Finance of America and Longbridge Financial. However, by August of 2026, it had fallen to second place with 3,343 HECM endorsements, trailing Finance of America's 3,430. The top three HECM lenders collectively hold about 62% of the market share.
Mutual of Omaha Insurance Co. is a privately held company, unlike its publicly traded competitors Finance of America and Longbridge parent Ellington Financial. The insurance company reported $15.5 billion in revenue for 2025, an increase from previous years, and held $59.7 billion in admitted assets at the end of last year.