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 19.4% to 407 loans
- Liberty jumped 17.9% to 402 loans, back above 400 for the first time in 11 months
Check out the originator rankings on page 4 to see more companies outside the top 10 doubling or tripling their reverse volume this year!
See the full report below by clicking on the image.