HECM endorsements grew 6.3% in November, the first sign of additional case numbers issued under pre-Oct 2 rules showing up in endorsement volumes. Retail lenders were strongly represented, with volume up 13.7% compared to October while Wholesale dropped -1.9%.
Many of the largest lenders showed an even larger bump in volume:
- Longbridge surged 93.5% to 149 loans and tenth place
- Synergy One grew 16.7% to 357 loans
- AAG also rose faster than Retail overall, rising 15.5% to 1,215 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!
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