Archive for the ‘HECM Originators’ Category
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 endorsements declined -3.6% in May, continuing to slowly recede following the spike in March. After holding up better in April the Wholesale segment accounted for much of May’s decline, dropping -6.7% compared to Retail/direct at just -0.6%.
We also saw several big lenders rising in the month, with 7 of the top 10 posting gains:
- Live Well grew 21.6% to 197 loans
- Nationwide Equities was close behind, rising 19.8% to 115 loans
- Synergy One edged up 8.2% to 250 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.
April brought the obligatory drop in endorsements after the big month in March, with volume falling 6% to 5,034 units. That is still good enough for the 2nd highest volume month in the last 12 months, and 4th highest in the past 2 years.
- Wholesale/broker volume fell 3.6% to 2,511 loans
- Retail/direct volume fell further, down 8.2% to 2,523
As would be expected in a down month, most of the top 10 institutions had lower volume, with a couple of exceptions:
- RMS/S1L volume spiked more than 300% to 276 units(page 2)
- Reverse Mortgage Funding increased from 546 to 574 units
- One Reverse inched up to 261 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.
