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Archive for the ‘HECM Originators’ Category

Lender Rankings – HECM Originators November 2014

HECM endorsements declined modestly in November after a big rise in October, split almost evenly across business channels. Retail originations declined slightly more, down -9.8%, than wholesale/broker volumes at -8.2%.

Lender volatility was a little more significant although still relatively muted as 9 of the top 10 declined on the month.

  • Live Well was the lone exception, growing 20.9% compared to October (top of page 2 using the link below) and showing even stronger 36.4% growth in their retail/direct originations (page 4 of the linked report).
  • High Tech Lending grew 116.7% to 78 loans on the month, putting the company in sight of last year’s endorsement total (down just -9.3% YTD on retail)
  • Open Mortgage rose 78.1% over October

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.

Brokers Leading – HECM Originators October 2014

October started off the fourth quarter strong for HECM endorsements, rising 28.9% to 4,851 loans. That rise was led by brokers, as the wholesale channel grew 37.3% compared to an only slightly less impressive 23.4% for the larger retail/direct channel.

  • On the wholesale side, Urban continues to lead all wholesale lenders followed by Liberty and AAG, but AAG is the only one among the top three that has grown wholesale volume over the past 12 months
  • Retail paints a similar picture as AAG is ranked first but again is the only one grower in the past 12 months, followed by One Reverse and RMS/S1L rounding out the top three
  • It’s rare that the same company is the top grower by volume in both retail and wholesale, an impressive feat by AAG, but it’s worth noting that 2 other companies also appear in the top 5 for both channels: Live Well and Reverse Mortgage Funding.  Kudos to all three companies for growing in a tough year overall for the industry!

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.

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.