HECM Originators – July 2020

HECM endorsements ticked up 1.2% in July, settling out after the initial remote working volatility in these numbers. Wholesale bounced back 10.6% after a significant decline in June, while Retail dropped -5.3% and resume a 55% share of all endorsements.

  • Longbridge powered 78.9% higher to 381 loans
  • Open Mortgage jumped 37.6% to 139 loans
  • RMF, FAR, and Fairway all rose between 1-12% on the month

Our originator rankings on page 4 highlight some strong performances further down the list:

  • South River Mortgage grew 118% to 48 loans, further cementing a flying start in reverse
  • Heritage Home Loans gained 283% in July and 156% year to date
  • Leader One Financial soared to 11 loans in July from 1 in June, with 208% growth year to date

See the full report below by clicking on the image.

HECM Originators