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HECM Originators – March 2023

HECM endorsements were up a whopping 73.3% in March, as AAG pushed through a bunch of endorsements ahead of being acquired by FAR.

Beyond AAG, 5 other top 10 lenders were up on the month:

  • South River jumped 141.5% to 128 loans, their highest since August
  • Open Mortgage grew 51.7% to 91 loans
  • Mutual of Omaha rose 14.3% to 481 loans

Case numbers rose for a third straight month, up 13.7% to 4,044. That’s still less than half the recent peak in March 2022, but a very healthy sign. More importantly, the growth came from new customers!

  • Equity Takeout cases issued (new reverses that are neither purchase nor refinances) rose 20.7% to 3,406
  • Purchase (H4P) dropped -5% to 202
  • H2H refinance case numbers dropped -16.5% to 436

If you’re searching for ways to turn things up in 2023, check out the links below:

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