HECM endorsements rose 10.7% in January, with Wholesale/brokers pacing 14.1% growth while Retail/direct managed 7.8%.
Several lenders in the top ten marked impressive gains on the month as well:
- Hightech jumped 67.9% to 94 loans, bouncing back from a disappointing December
- Longbridge rose 59.8% to finish with 513 loans, a new high for the company on this report
- Ennkar leaped 58.9% to 89 loans and 10th place on this report for the first time!
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.