HECM endorsements dropped -6.2% in July, with Retail giving back all of the gains in June on a -7.2% decline while Wholesale posted a fifth straight month of declines, down -4.8%. Even so, several companies showed impressive growth on the month in our page 4 rankings:
- ReverseMortgages.com grew 26.9% from June and continues an impressive first year in the business with 300 loans year to date and 8th place ranking in July
- Quontic Bank jumped 92.3% in July to 25 loans and 18th place on our list
- Reverse Mortgage Funding’s retail team jumped 68.5% to 182 loans and 3rd place
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!
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