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Archive for the ‘HECM Originators’ Category

HECM Originators – February 2017

HECM volume dropped -3.5% in February to continue the modest decline from the recent high water mark reached in December. What’s notable is how different the two business channels look:

  • Wholesale/broker volume grew in February, up 5.4% to 2.092 loans – just 1.5% lower than December volume
  • Retail/direct declined -10.3% from its peak in January (one month later than industry overall and Wholesale)

A single month doesn’t make a trend and lenders catching up can distort these numbers in any given month sometimes, but it’s certainly worth watching in the next few months to see if there’s something significant going on in the channel activity.

Now, on to the lenders where there are definitely stories to be had. Just 3 of the top 10 lenders grew in the month even though their collective volume dropped just -1.3%. That covers everything from a -93.4% drop from RMS/Security One (exited origination) to two 70%+ growth stories!

  • Liberty seems to have caught up on endorsements in February, jumping 79.9% to 574 loans – a level they haven’t seen since April 2016
  • High Tech Lending grew 73.4% to 189 loans, putting the company on track to take the #8 ranking from RMS as early as next month
  • AAG also registered a solid rise, at 14.3% to 1,181 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 Originators

HECM Originators – January 2017

HECM volume started the year off a touch below the recent high water mark from December but still well above the 2016 monthly average. We can now see that Retail has shown significantly more strength the past two months, including a 2.4% increase in January.

  • Live Well led the way among the top 10 lenders with 13.2% growth across both channels in January, to 172 loans
  • Synergy One was close behind, increasing 5.3% to 237 loans
  • Nationwide Equities endorsed 108 loans, up 3.8% from December

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 – 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