Category Archives: HECM Originators

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 […]
  

HECM endorsements dropped -4.6% in October, but in a reversal from September the Wholesale/broker channel declined much more than Retail/direct, dropping -9.1% compared to just -1% for the latter.

Just two of the top ten lenders gained on the month:

• Mutual of Omaha Mortgage gained 7.2%, endorsing 238 loans
• RMF inched up 2.9% to 389 loans

Check out the […]

HECM endorsements declined -1.9% in September, with the Wholesale/broker channel doing better with a drop of just -0.7% while Retail shrank -2.9%.

Four of the top ten lenders gained on the month:

• Open Mortgage leaped 35.2% to their highest level in over a year, endorsing 242 loans
• FAR bounced back, rising 21.3% to 667 loans
• Liberty increased 10.1% to […]
  

HECM endorsements dropped -6% in August, capping 4 consecutive months of 4,000+ loans for the first time in several years. Wholesale declined -6.5% while Retail was slightly better at -5.6%.

Four of the top ten lenders gained on the month:

• Longbridge again jumped highest, adding 31% to finish with 499 loans
• Open Mortgage gained 28.8% to 179 loans
• Mutual […]
  

HECM endorsements ticked up 1.2% in July, settling out after the initial remote working volatility in these numbers. Wholesale bounced back 10.6% after a significant decline in June, while Retail dropped -5.3% and resume a 55% share of all endorsements.

• Longbridge powered 78.9% higher to 381 loans
• Open Mortgage jumped 37.6% to 139 loans
• RMF, FAR, and Fairway […]