ReverseIQ Newsletters

HECM Originators – August 2017

October 13, 2017

HECM endorsements rose 15.8% in August after a sharp decline in July, with growth balanced well across Retail and Wholesale. Both gained by double digits and ended just above their June totals.

Among lenders growth was similarly broad based, with all of the top 9 (exc. RMS) showing >10% growth:

  • One Reverse led the way, rising 59.7% to 313 loans
  • Live Well jumped 34.1% to 181 loans
  • High Tech grew 33.7% to 119 loans

Don’t forget to check out the rankings on page 3 (trailing twelve months with channel splits) and page 4 (single month retail only). If your company is not an FHA approved lender, these are the only industry rankings where you’ll appear!

Click the image below to access the full report.

HECM Originators

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HECM Lenders – September 2017

October 2, 2017

HECM endorsements dropped -6.8% in September, finishing at 4,592 loans. With the rule changes going into effect today not expected to significantly affect endorsement volumes until December or even January, we’re also getting a clearer picture of where 2017 is likely to end up.

7 of the 10 regions nationwide dropped, with all 3 of the gainers leaning toward the smaller volume end:

  • Great Plains is the smallest region but had the biggest gain, rising 13.6% to 100 loans
  • Rocky Mountain ranks #4 with 430 loans, an increase of 0.9%
  • Northwest/Alaska ranks #7 at 326 loans, up 1 loan (0.3%) from August

Lenders saw an even more dour performance, with just 1 of the top 9 gaining on the month:

  • Live Well rose 37.6% to 216 loans, their highest monthly total in over 12 months
  • The top 10 lenders collectively dropped -8.6%

If your company is FHA approved check out the rankings on page 5 of the report below. If your company is not FHA approved, watch out for our next edition of HECM Originators to find your ranking!

Click the image below for the full report.

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Say Hello to Dashboard

September 27, 2017

Welcome to our brand new Dashboard newsletter!  This newsletter will come out once per month and will be dedicated to informing our newsletter subscribers of the different services that we offer for those folks in the reverse space.  It will mainly focus around our Dashboard and the tools within that.  If you are a subscriber to the Dashboard then keep an eye out for this newsletter because we will demo certain aspects of the tools, and will end each newsletter with a little nugget that you may or may not have known.

Now if you aren’t a current subscriber to this service don’t worry.  Besides helping to educate our newsletter subscribers about these different tools that we offer through the Dashboard we will also be providing short examples which will dig into specific markets using these tools.  So stay tuned because we may just cover your market!

Now for your first nugget!  Have you ever clicked on the FAQ section of the Dashboard?  If not try it out.  There are lots of useful tips as well as some short demo videos.  If you need more help then you can always reach out to Jon McCue at jon.mccue@rminsight.net.

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