ReverseIQ Newsletters

Archive for the ‘HECM Originators’ Category

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

HECM Originators – September 2016

HECM endorsements reversed course in September, dropping 14.6% from August levels.

  • Wholesale volume declined 21.6% to 1,519 loans, coming back down to levels seen in May – July.
  • Retail volume dropped at a slower pace, falling 9.1% month over month to 2,219 loans.

All of the lenders highlighted last month had volume declines in the double digit percentages, suggesting most of the August gains were due to endorsement backlogs getting cleared out.

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 – August 2016

HECM endorsements rose 24% in August, and now we know that jump was powered by a jump in both Retail and Wholesale channels.

  • Wholesale volume jumped 29.5% to 1,938 loans, the highest total since Sep 2015
  • Retail volume increased 20% to 2,440 loans, but we only have to go back to April to find a higher total for the channel

Lenders showed even more varied performance with some standouts on both ends of the spectrum:

  • RMF grew 92.3% to 696 loans on the back of a big jump in wholesale market share
  • High Tech bounced back from a disappointing July, rising 71.3% to 137 loans
  • FAR made it 3 top ten lenders above 50% growth, up 57.1% to 853 loans and back within shouting distance of AAG for the first time in recent memory

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