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HECM Originators – Feb 2024

HECM endorsements dropped -8.3% in February, but that masked a slight improvement in Wholesale/broker volumes (+3.9%) as Retail/direct sank -15.7%.

While the shortest month of the year rarely provides great insight for the rest of the year to come, our page 4 ranking report offers some clues as to how the downturn has affected different companies in the industry.

  • 5 of the top 6 Originators saw Retail/direct volumes drop even more than the industry overall, ranging from -14.9% to -23.3% drops individually

When we factor in both Retail and Wholesale production for the top 10, we did see 4 of the top 9 growing:

  • South River rose 125% to 9 loans – although a big drop from a year ago as H2H refis remain scarce compared to even last year
  • Goodlife gained 42% to 71 loans
  • Longbridge increased 12.6% to 403 loans
  • Liberty was up 6.7% to 111 loans

Check out the full rankings on pages 3 and 4 of the full report below by clicking on the image.