June 11, 2012
HECM endorsements rose 5% in April, with the increase roughly similar across both retail/direct and TPO/wholesale channels. These aggregate numbers don’t show a significant spread between the channels, but as always there is a lot of movement among individual companies in the rankings.
On page 4 of the report below, we find 4 of the top 6 companies grew YTD volume by 100% or more, showing some benefits from the exit of Wells Fargo and Bank of America last year. Among these winners:
- American Advisors Group, ranked third year to date and for the month of April, up 127% from the first four months of 2011
- Genworth Financial, ranked fourth and up 101%
- FNB Layton, ranked fifth and up 149%
- Security One, ranked sixth in the month and seventh year to date, up 120%
Click the image below to see the full report, including rankings of all HECM originators including TPOs: