ReverseIQ Newsletters

Archive for the ‘HECM Originators’ Category

Flip Flop – HECM Originators March 2015

In February, the wholesale channel increased HECM endorsements in a down month for the industry overall, and now in March’s HECM Originators reports we’ve seen the exact opposite with retail outpacing brokers dramatically. Adding the two months together it’s clear that retail got the best of the action – dropping just 102 loans from a much higher volume base while wholesale dropped 200 loans for an almost 10% decline for Feb/Mar.

Several lenders beat the trend and increased their volume:

  • Liberty jumped 38% to 620 loans and their highest levels in over a year – good enough for second place in the rankings for the month on a combined retail/wholesale basis
  • Proficio grew 15.5% to 119 loans after a slow month in February that was below their twelve month average
  • AAG grew just under 1% to continue their reign at the top of the chart, almost doubling the nearest rival
  • On the single month chart (page 4), Moneyhouse jumped 358% to join the top 10 for the first time

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.

Bucking Brokers – HECM Originators Feb 2015

HECM endorsements fell -4.5% in February, but brokers bucked the trend with an increase of 4.7% while the retail channel declined -11%.

Several lenders also rose in spite of the overall industry decline:

  • Live Well Financial jumped 40.8% to their highest level in over a year
  • One Reverse Mortgage grew 8.7% to 500 loans without any help from broker business
  • Liberty Home Equity, Reverse Mortgage Funding, and Urban Financial each grew 7% in the month

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.

Steady Before FA – HECM Originators January 2015

HECM endorsements were relatively flat across both retail (+0.2%) and wholesale (-0.5%) in January, leading to a steady overall industry volume picture. As always though, there was movement in the rankings below the headline number.

  • RMS/S1L bounced back with a 26% increase from December, marking the company’s highest volume month since last February
  • Urban jumped 15% to put in its highest showing since March
  • Cherry Creek’s 1st Reverse team grew 10% for their second highest monthly total of the past 12 months

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.