HECM Originators – June 2020

HECM endorsements dropped back in June as the backlog clearing spike in May receded. Volume declined 16.4% to 4,203 loans, which was still good for second highest month in more than a year.

A few lenders were still up on the month:

  • HighTech jumped 604% to 169 loans, catching up from an April drought and weaker May than most lenders
  • Synergy One grew 11% to 272 loans for a second consecutive record high month

Smaller originators also picked up on the month, as shown on our page 4 rankings:

  • GoodLife jumped 152.9% to 43 loans
  • South River Mortgage grew 450% after recently entering reverse, showing 22 loans and tied for 18th on our originator rankings for June
  • American Financial Mortgage increased 125% to 18 loans and 106.7% gains year to date

See the full report below by clicking on the image.

HECM Originators