ReverseIQ Newsletters

Archive for the ‘HECM Originators’ Category

HECM Originators – February 2016

HECM endorsements growth in February was led by Retail/Direct lenders rising 20.3%, while Wholesale/Brokers put in a 14.3% increase that would be impressive in most any other month.

  • Liberty led the way with 67.9% increase from Jan, putting its highest monthly volume total since August
  • RMF jumped 22% on the month to 266 loans
  • One Reverse bounced back after a weak January, rising 15% to 330 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 – January 2016

HECM endorsements took a disappointing dip in January to the lowest levels in over a year as the industry continued to absorb the impact of Financial Assessment changes last April. The surprise in our HECM Originators report is that almost all of this decline happened on the Retail side of the business, dropping -12.9% in January while Wholesale dropped just -0.9%.

Just 2 of the top 10 lenders posted gains in the month:

  • Liberty HES showed a huge 285% jump in what looks like a catching up of endorsements from the prior two months
  • Home Point grew 8.6% to 114 loans
  • Synergy One is poised to break into our top ten on page 2, showing an eye-watering growth rate from last January on our page 4 originator rankings

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 – December 2015

Now that we’ve seen January’s endorsement total we know that December didn’t signal the start of recovery quite yet for the HECM world, but we do know a little more about what happened at the end of the year.

HECM endorsements rose 5.2% in December, with both channels growing but Wholesale in particular bouncing back (+9.8%) from a miserable November. Retail took a bit steadier tack, rising 2.3% after posting 1.6% in the prior month.

Per usual, some lenders stood out:

  • Home Point Financial rose 40% to 105 loans
  • RMS jumped 35.8% to 501 loans – good enough for third place on the month and their highest monthly total since August
  • Cherry Creek improved 25.4% to 74 loans and finish the year in our #10 spot

On a retail only basis, a few other originators stood out in our page 4 rankings:

  • FirstBank grew 69% to claim the ninth ranking for the month
  • Open Mortgage jumped 53% to peak into the top 10
  • ReverseMortgages.com showed an impressive second month in our rankings, up 500% to 18 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.