ReverseIQ Newsletters

HECM Originators – June 2017

August 14, 2017

HECM endorsements declined -0.3% in June, but Retail/direct grew 0.8% to 2,530 loans while Wholesale/broker dropped -1.6%.

5 of the top 10 lenders grew their volume despite the small industry decline, with a huge spread between the top and bottom results:

  • Finance of America Reverse grew 37.9% to 906 loans, their highest reading in over 12 months
  • Synergy One was just a hair behind, rising 37.2% to 343 loans and their highest monthly total yet
  • Nationwide Equities also jumped 22.6% to 141 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