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Archive for the ‘HECM Originators’ Category

HECM Originators – December 2016

HECM endorsements ended on a high note to close out 2016, up 19.9% to the highest level all year. That growth might have been fueled by some year end clean up, but growth is welcome from just about anywhere these days.

  • RMF more than doubled, up 142.1% to 748 loans to close out the year with 9.9% market share and edge out Liberty for #3
  • RMS cleaned out some of the endorsements ahead of exiting originations last month, jumping 69.9% to 192 loans
  • High Tech grew 38.8% to 118 loans and round out a big growth year

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

HECM Originators – November 2016

HECM endorsements dropped slightly in November to 3,884 loans, as we learned last month. We now know that Retail/direct lenders dropped a more substantial -4.3% while Wholesale/broker volume actually rose 3.7%.

A few companies underlined this point with rising retail volume on our page 4 rankings:

  • All Reverse Mortgage (formerly United Southwest) jumped 358% to 55 loans
  • M&T Bank grew 282% to 42 loans
  • Advisors Mortgage Group posted a 104% rise to 57 loans and the #11 ranking on the month

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

HECM Originators – October 2016

We already knew HECM endorsements rose slightly in October, but now we know that growth came entirely from brokers on the wholesale side.

  • Wholesale volume rose 15.4%, while Retail/direct volume dropped -2.7%
  • Retail continues to be larger than Wholesale, at 55% of all volume in October

This month we’re focusing on the page 4 originator rankings, with several interesting points to consider:

  • Longbridge jumped to #11 on the month, up 190% from September to 58 loans
  • Reversemortgages.com jumped all the way to #8, rising 74.5% to 89 loans
  • Fairway Independent grew 50% to 24 loans, now up 142% year to date

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