HECM endorsements rose 24% in August, and now we know that jump was powered by a jump in both Retail and Wholesale channels.
- Wholesale volume jumped 29.5% to 1,938 loans, the highest total since Sep 2015
- Retail volume increased 20% to 2,440 loans, but we only have to go back to April to find a higher total for the channel
Lenders showed even more varied performance with some standouts on both ends of the spectrum:
- RMF grew 92.3% to 696 loans on the back of a big jump in wholesale market share
- High Tech bounced back from a disappointing July, rising 71.3% to 137 loans
- FAR made it 3 top ten lenders above 50% growth, up 57.1% to 853 loans and back within shouting distance of AAG for the first time in recent memory
Don’t forget to check out the rankings on page 3 (trailing twelve months with channel splits) and page 4 (single month retail only). If your company is not an FHA approved lender, these are the only industry rankings where you’ll appear!
Click the image below to access the full report.
