ReverseIQ Newsletters

Archive for the ‘HECM Originators’ Category

HECM Originators – September 2016

HECM endorsements reversed course in September, dropping 14.6% from August levels.

  • Wholesale volume declined 21.6% to 1,519 loans, coming back down to levels seen in May – July.
  • Retail volume dropped at a slower pace, falling 9.1% month over month to 2,219 loans.

All of the lenders highlighted last month had volume declines in the double digit percentages, suggesting most of the August gains were due to endorsement backlogs getting cleared out.

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 – August 2016

HECM endorsements rose 24% in August, and now we know that jump was powered by a jump in both Retail and Wholesale channels.

  • Wholesale volume jumped 29.5% to 1,938 loans, the highest total since Sep 2015
  • Retail volume increased 20% to 2,440 loans, but we only have to go back to April to find a higher total for the channel

Lenders showed even more varied performance with some standouts on both ends of the spectrum:

  • RMF grew 92.3% to 696 loans on the back of a big jump in wholesale market share
  • High Tech bounced back from a disappointing July, rising 71.3% to 137 loans
  • FAR made it 3 top ten lenders above 50% growth, up 57.1% to 853 loans and back within shouting distance of AAG for the first time in recent memory

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 2016

HECM endorsements dropped -6.2% in July, with Retail giving back all of the gains in June on a -7.2% decline while Wholesale posted a fifth straight month of declines, down -4.8%. Even so, several companies showed impressive growth on the month in our page 4 rankings:

  • ReverseMortgages.com grew 26.9% from June and continues an impressive first year in the business with 300 loans year to date and 8th place ranking in July
  • Quontic Bank jumped 92.3% in July to 25 loans and 18th place on our list
  • Reverse Mortgage Funding’s retail team jumped 68.5% to 182 loans and 3rd place

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