Option One Online

Fast Facts

Our Business
Option One is in the business of originating, servicing and selling non-prime loans.

Making Loans

Option One consistently ranks among the top five originators of non-prime residential mortgage loans by volume. Option One originates loans on a wholesale and correspondent basis through a network of 34,000 approved brokers and through relationships with large national financial institutions. The company originates retail loans through its subsidiary, H&R Block Mortgage Corporation.

Servicing Loans

Option One has over $57 billion in assets under management and consistently ranks in the top five originators of non-prime residential mortgage loans by volume.

Financial Results
For the second quarter fiscal year 2005 ending October 31, 2004 the company originated $6.5 billion in mortgage loans, an 2.7 percent increase over last year’s $6.3 billion. The number of loan originations in the second quarter was 41,422, a 2.0 percent decrease compared with last year. Mortgage servicing revenues for the quarter were $61.9 million, an increase of $10.2 million, or 20 percent, compared with $51.7 million last year. On October 31, 2004, the servicing portfolio was $53.6 billion, an increase of $13.5 billion, or 34 percent, compared with October 31, 2003, and up 8.5 percent over the previous quarter. Read more about the company’s financial results.