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Archive for the ‘HECM Originators’ Category

HECM Originators – November 2015

HECM endorsements fell -7.1% in November and the wholesale/retail split diverged substantially

  • Wholesale dropped -18.3%, marking the third month in a row of faster declines than Retail as the industry dropped in the wake of Financial Assessment implementation
  • Retail posted 1.6% growth to bounce off the low levels from October

The disparity is even greater when comparing the cumulative effect of the past three months. Wholesale is down -44.9% from August volume levels, while Retail is down a comparatively small -15.8% over the same period.

As you might expect given the business channel differences, several top lenders bucked the overall industry trend:

  • Live Well jumped 54.2% to 293 loans and their third highest volume level so far in the year
  • One Reverse Mortgage rode retail strength to 357 loans for a 12.6% gain in the month
  • Reverse Mortgage Funding eked out 0.4% rise to 272 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 October 2015

HECM endorsements fell for a second consecutive month in October and once again, wholesale declined faster than retail, dropping -8.6% compared to -6.3%, respectively. As always, there were standouts even in a down month and this month it was lenders bouncing back from a tough September:

  • Cherry Creek set a brisk pace, rising 34.8% to 62 loans
  • Reverse Mortgage Funding rose 10.2% to 271 loans
  • Live Well just missed out on a double digit recovery, rising 9.8% to 190 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 September 2015

Happy Thanksgiving to everyone in every corner of the reverse mortgage industry! Hope everyone has fantastic feasts with family and friends.

September HECM endorsements dropped -18.8%, but as we typically see in volatile months for volume wholesale moved quite a bit more, dropping -26.2% compared to retail’s -11.6%. As usual though some companies bucked the trend.

  • AAG crept up 0.5%, no small feat in the face of a stiff industry drop on the month
  • Even more impressive was a 44.7% increase from Home Point at the #10 spot in our rankings, to their highest total since March

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.