ReverseIQ Newsletters

Archive for the ‘HECM Originators’ Category

Rising Tide – HECM Originators September 2014

Just as a rising tide lifts all boats, so the increase in HECM endorsements in September spread the growth virtually identically across the Retail/direct and Wholesale/TPO channels. The overall industry grew 15.8% to 3,762 loans after the disastrous levels reached in August, with Wholesale gaining 15.9% to Retail’s 15.6%.

  • Liberty more than doubled, up 132% to 552 loans and the highest level since April (page 3) on the back of a doubling of retail loans (page 4)
  • AAG grew an impressive 36% considering they were already more than double the nearest competitor last month
  • Generation perked up 26% as they close out their pipeline of fundings to be endorsed

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.

Nine Years Back – HECM Originators August 2014

August was an ugly month for HECM endorsements, dropping -20.6% to the lowest level since June 2005. Wholesale/broker volumes dropped -26.3%, significantly more than the -16.2% decline in retail/direct business.

In spite of the tough sledding, there were still a few bright spots in the results.

  • Cherry Creek jumped 42.2% to 91 loans
  • Proficio grew 14.5% to 134 loans
  • One Reverse Mortgage managed a gain of 5.4% to 392 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.

Up And Down – HECM Originators July 2014

HECM endorsments were down -1.7% in July, but broker/wholesale business rose 1.4% whereas retail/direct volume dropped -3.9%. A few notables:

  • Urban, Generation, Cherry Creek and Sun West all increased volume in July, bucking the industry decline
  • Several leading lenders grew retail volume in the month, including AAG, Urban, Net Equity, High Tech Lending, and M&T Bank

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.