Over 5,400 associates work together to create a unique culture
of service and collaboration, all to benefit the customer. We
believe if our associates are happy, they’ll make their
customers happy too. Associate satisfaction is so important
to us, it’s one of the things we consider when determining
management compensation. Learn more about Option
One’s culture.
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. We’ve received
top ratings for our servicing operations from Fitch Ratings,
Standard & Poor’s and Moody’s. We service
our own loans as well as those of other national lenders
through our offices in Jacksonville, Florida, and Irvine,
California.
Option One is a subsidiary of H&R
Block (NYSE: HRB). H&R
Block Mortgage Corporation (HRBMC) is a retail mortgage
lender that operates through H&R Block Financial Centers.
HRBMC is a subsidiary of Option One Mortgage.
Option One reaches homebuyers nationally through its wholesale,
national accounts, correspondent and H&R Block Mortgage
Corp. offices. The company’s corporate office is in
Irvine, California. See
map of locations.
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.
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