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Newsletter

HECM Originators – July 2021

HECM endorsements rose 2.8% in July to 4,276 loans. Wholesale declined for a fourth straight month, dropping -1.7% while Retail bounced back 5.9% from a poor June showing.

Lenders fared better in the rising tide, with 6 of the top 10 lenders increasing volume.

  • RMF jumped 55.8% to 642 loans, good for second highest for the month
  • South River gained 27.6% to 157 loans and their highest total yet on the strength of refinance volume
  • Open Mortgage rose 25.6% to 206 loans

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.

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