HECM endorsements grew 36% in October, powered by Retail rising 45% and Wholesale perking up 22.7%.
That’s the highest monthly total since February, and that was fueled more by a backlog of endorsement activity rather than the higher origination volumes driven by lower interest rates as is currently the case.
The top 10 as a group slightly under-performed the industry but many had strong performances:
- AAG soared 62.9% to 1,337 loans, more than 4 times the next closest lender
- One Reverse jumped 53.5% to 284 loans
- Liberty gained 52.1% to 213 loans
- High Tech bounced back 66.7% to 65 loans after a down September
See where your company stands on pages 3-4 of our rankings.