Category Archives: HECM Originators

HECM reverse mortgage volume trends update August 2021. Top 100 originators including non FHA approved companies.

HECM endorsements dropped -4.2% in June to 4,158 loans. Wholesale declined -2.1% to outperform Retail (-5.6%) for the first time in 5 months.

That subtle shift in channels showed up powerfully in lender performance, although once again just 3 of the top 10 lenders gained on the month.

• Mutual of Omaha surged 43.5% to 333 loans – […]
  

HECM endorsements rose 3.8% in May, with Retail (+10.7%) outperforming Wholesale (-5%) for the 4th consecutive month.

Only 3 of the top 10 lenders increased volume in May, but putting that together with Retail dominance should make the top performing lender no surprise:

• AAG lapped the field, jumping 32% to put 1,000+ loans between them and second […]
  

HECM endorsements dropped -0.8% in April as Retail outpaced Wholesale yet again. Retail grew 2.5% to 2,357 loans while Wholesale declined -4.7% to 1,825 loans.

Half of the top ten lenders increased volume on the month:

• South River showed the continuing strength of refinance volume, rising 24.4% to 148 loans
• Open Mortgage gained 20.4% to 242 loans
• Longbridge rose […]
  

HECM endorsements rose 3.7% in March as Retail outpaced Wholesale, 4.1% to 3.3%.

Several top 10 lenders recovered well from a poor February:

• HighTech continued its every other month cycle with 98 loans, a 133.3% jump from Feb and just above its January total of 94 loans
• RMF gained 26.7% to 564 loans to balance out the Feb […]
  

HECM endorsements dropped -10.3% in February, as Wholesale/broker volume fell -12.8% and Retail/direct was slightly better at -8.1%. Each channel and the industry overall are almost identical to their December totals.

Several lenders managed to buck the downturn though:

• Open Mortgage rose 10.6% to 219 loans
• #1 lender AAG gained 6.9% to 1,437 loans
• South River Mortgage jumped into […]
  

HECM endorsements rose 10.7% in January, with Wholesale/brokers pacing 14.1% growth while Retail/direct managed 7.8%.

Several lenders in the top ten marked impressive gains on the month as well:

• Hightech jumped 67.9% to 94 loans, bouncing back from a disappointing December
• Longbridge rose 59.8% to finish with 513 loans, a new high for the company on this report
• Ennkar […]
  

HECM endorsements ended the year with a bang, but now we know that Wholesale/brokers led the way by rising 28% to Retail/direct channel’s 15.2% growth on the month.

To put the channels into context, Retail is actually 12.2% above its average from Jan-Nov whereas even […]

HECM endorsements dropped -9.4% in November, with both Retail/direct and Wholesale/brokers declining more than -9%.

In spite of the balance between business channels, 4 of the top 10 lenders actually grew in the month:

• HighTech bounced 71.4% to 96 loans
• Mutual of Omaha Mortgage continued an impressive run, rising 10.5% to 263 loans
• AAG increased 3.1% to 1,295 loans
• Liberty […]