HECM endorsements dropped -7.1% in November to 4,023 loans defying (for now) our prediction from a few months back that we’d see volume below 4,000 loans in a month due to financial assessment. We’re happy to be wrong and we’ll be happier when we see these numbers start to rise again!
A few notable performances stood out:
- Live Well dialed up a 53.8% increase to 203 loans, just below their high of 218 in June
- RMS grew 13.5% to 320 loans, keeping them just ahead of Urban in 3rd place on our page 2 rankings
- One Reverse increased 12.9% to 358 loans
If your company is FHA approved check out the rankings on page 5 of the report below. If your company is not FHA approved, watch out for our next edition of HECM Originators to find your ranking!
Click the image below for the full report.