ReverseIQ Newsletters

Archive for the ‘HECM Originators’ Category

HECM Originators May 2015

HECM endorsements dropped -4.9% in May, with wholesale/brokers bearing a slightly larger share of the decline at -5.4% compared to retail/direct at -4.6%. There were some large declines for some top ten lenders, but as always there were winners too:

  • Live Well grew volume 30% to 299 loans and their highest monthly total in over a year
  • One Reverse bucked the trend as well, growing 18% to 518 loans and second overall ranking on the month

Outside the top ten lenders, several originators made their mark:

  • FirstBank grew 22.7% to 54 loans (#11)
  • High Tech grew 29.7% to 48 loans (#12)
  • United Southwest aka All Reverse jumped 45.5% to 32 loans (#15)

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.

Topsy Turvy – HECM Originators April 2015

April marked the fourth month in a row with a split in business channel growth for the reverse mortgage industry. For April, Retail declined -6.3% and Wholesale grew 1.7%. All in a month where endorsements declined -3.1%, with declining volume also being a trend in its fourth consecutive month.

But of course, a slow decline over the course of the past four months doesn’t stop some originators from growing their volumes:

  • Reverse Mortgage Funding jumped 89.4% to 377 loans on a combined basis (page 2), but an even higher 134% on a retail basis (124 loans)
  • Cherry Creek grew 23.6% to round out the top 10 with 89 loans combined
  • FirstBank grew their retail loans 46.7% to 44 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.

Flip Flop – HECM Originators March 2015

In February, the wholesale channel increased HECM endorsements in a down month for the industry overall, and now in March’s HECM Originators reports we’ve seen the exact opposite with retail outpacing brokers dramatically. Adding the two months together it’s clear that retail got the best of the action – dropping just 102 loans from a much higher volume base while wholesale dropped 200 loans for an almost 10% decline for Feb/Mar.

Several lenders beat the trend and increased their volume:

  • Liberty jumped 38% to 620 loans and their highest levels in over a year – good enough for second place in the rankings for the month on a combined retail/wholesale basis
  • Proficio grew 15.5% to 119 loans after a slow month in February that was below their twelve month average
  • AAG grew just under 1% to continue their reign at the top of the chart, almost doubling the nearest rival
  • On the single month chart (page 4), Moneyhouse jumped 358% to join the top 10 for the first time

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.