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Archive for the ‘HECM Originators’ Category

HECM Originators – April 2017

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.

HECM Originators

HECM Originators – March 2017

March saw the biggest HECM volume month in quite some time, rising 21.2% from February. This month’s edition of HECM Originators gives us a little more insight into that strength:

  • Wholesale/broker volume jumped 26.3% to 2,606 loans and the closest we’ve seen to parity with Retail/direct in recent memory
  • Retail/direct volume gained a healthy 16.7% to 2,749 loans

Lenders and originators also saw significant gains in March:

  • Finance of America increased 89.6% to close the gap on longtime leader AAG (page 2)
  • Aegean Financial was up 300% to 24 loans
  • United Pacific popped 250% to 14 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 – 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