ReverseIQ Newsletters

Archive for the ‘HECM Originators’ Category

HECM Originators – August 2017

HECM endorsements rose 15.8% in August after a sharp decline in July, with growth balanced well across Retail and Wholesale. Both gained by double digits and ended just above their June totals.

Among lenders growth was similarly broad based, with all of the top 9 (exc. RMS) showing >10% growth:

  • One Reverse led the way, rising 59.7% to 313 loans
  • Live Well jumped 34.1% to 181 loans
  • High Tech grew 33.7% to 119 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 – July 2017

HECM endorsements dropped in July -12% in July, with Retail taking the heavier hit at -13.6% and Wholesale declining -10.4%.

  • Finance of America Reverse was the only top 10 lender to increase volume in the month, rising 4% to 942 loans
  • Fairway rose 20.3% to 77 loans and tie for #8 on the month in our page 4 originator rankings
  • And Quontic Bank jumped 79.3% to 52 loans at #12

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 – June 2017

HECM endorsements declined -0.3% in June, but Retail/direct grew 0.8% to 2,530 loans while Wholesale/broker dropped -1.6%.

5 of the top 10 lenders grew their volume despite the small industry decline, with a huge spread between the top and bottom results:

  • Finance of America Reverse grew 37.9% to 906 loans, their highest reading in over 12 months
  • Synergy One was just a hair behind, rising 37.2% to 343 loans and their highest monthly total yet
  • Nationwide Equities also jumped 22.6% to 141 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