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HECM Originators – Mar 2024

HECM endorsements dropped -4.2% in March, with the channel performance completely flipping from last month. Retail/direct bounced back 9% while Wholesale/broker dropped -2.3%.

The largest originators again outpaced the industry overall, as our page 4 ranking report shows 11 of the top 15 retail originators for the month growing >9%.

On a combined basis for lenders including both Retail and Wholesale production, we saw just 4 of the top 8 growing faster than the industry overall:

  • South River came roaring back with 122 loans after just 9 in February
  • Guild jumped 62.9% to 57 loans
  • Goodlife rose 22.5% to 87 loans
  • Mutual of Omaha gained 9.3% to 493 loans – the highest endorsement volume on the month among all lenders!

Check out the full rankings on pages 3 and 4 of the full report below by clicking on the image.