ReverseIQ Newsletters

Archive for the ‘HECM Originators’ Category

HECM Originators June 2015

HECM endorsements jumped 24% in June as borrowers rushed in before Financial Assessment rules would apply to their loans (all case numbers issued after April 4). This growth fueled solid gains for several top ten lenders:

  • A full 8 of the top 10 lenders (page 2) grew by at least 10% in June, but #10 ranked Home Point Financial (fka Maverick Home Loans) led the way at 55.2% with 149 loans
  • RMS grew 44.4% to 387 loans, bouncing back from a big drop in May
  • Liberty and Urban grew 35.6% and 35.3%, respectively, battling hard for the #2 spot

Several others made even bigger splashes in our page 4 originator rankings as the rising tide lifted many:

  • The Money Store more than tripled, up 380% to 48 loans and #15
  • GMFS grew 83% to 55 loans and #12
  • High Tech Lending grew 69% to 81 loans and our¬†#10 spot for the month

Last but not least, a recent subscriber to our Retail Dashboard, United Southwest (dba All Reverse Mortgage), jumped 59% to 51 loans and #13 ranking. Find out how our Retail Dashboard can help you grow too!

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 May 2015

HECM endorsements dropped -4.9% in May, with wholesale/brokers bearing a slightly larger share of the decline at -5.4% compared to retail/direct at -4.6%. There were some large declines for some top ten lenders, but as always there were winners too:

  • Live Well grew volume 30% to 299 loans and their highest monthly total in over a year
  • One Reverse bucked the trend as well, growing 18% to 518 loans and second overall ranking on the month

Outside the top ten lenders, several originators made their mark:

  • FirstBank grew 22.7% to 54 loans (#11)
  • High Tech grew 29.7% to 48 loans (#12)
  • United Southwest aka All Reverse jumped 45.5% to 32 loans (#15)

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.

Topsy Turvy – HECM Originators April 2015

April marked the fourth month in a row with a split in business channel growth for the reverse mortgage industry. For April, Retail declined -6.3% and Wholesale grew 1.7%. All in a month where endorsements declined -3.1%, with declining volume also being a trend in its fourth consecutive month.

But of course, a slow decline over the course of the past four months doesn’t stop some originators from growing their volumes:

  • Reverse Mortgage Funding¬†jumped 89.4% to 377 loans on a combined basis (page 2), but an even higher 134% on a retail basis (124 loans)
  • Cherry Creek grew 23.6% to round out the top 10 with 89 loans combined
  • FirstBank grew their retail loans 46.7% to 44 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.