ReverseIQ Newsletters

Archive for the ‘HECM Originators’ Category

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.

Retail Pacing – HECM Originators December 2014

Retail led the increase in HECM endorsements for December, up 14.7% to 2,867 units compared to 12.1% rise for the industry overall. Wholesale grew somewhat slower, up 8.7% in the month.

  • One Reverse led the growth among lenders, rising 45.9% to 540 loans
  • Reverse Mortgage Funding also had a strong month, bouncing up 34% overall (page 2) after a dip in November, and 72.3% on a retail basis (page 4)
  • FirstBank made a strong push to close out the year, rising 50% to 9th place for the month and 13th on the year (page 4)

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.