HECM endorsements continued their upward trend in April with 2,103 loans for a modest increase of 2.2% from March. Retail/direct continued their dominance in April with 7.5% endorsement growth while Wholesale/broker continued their decline dropping -5.7% from March.
When we look at the month over month endorsement on page 4 of our report, we had 6 of the Top 10 on that ranking with an increase in volume.
- Finance of America Reverse had an incredible April compared to March, soaring over 50% to 414 loans
- Guild Mortgage had a nice jump from March as well gaining 36.5% to 52 loans
- Liberty had a good showing growing 22% to 61 loans
- Mutual of Omaha led the way in total endorsements in April with 454 loans for a 17.3% increase from March
Check out the full rankings on pages 3 and 4 of the full report below by clicking on the image.
