HECM endorsements rose 7.8% in May, but the big winners were retail lenders with volume up 12.2% compared to just a 2% rise for broker/wholesale volume. Retail is at 59% of industry volume, just short of the 61% reached in September and December last year.
- American Advisors Group continues to impress with a new high of 1,481 loans, up 17.7% from April
- RMS/Security One bounced back with a 24.8% rise to 392 loans and fourth place
- Proficio rose 23.3% to recover some of the losses from the past three months
Don’t forget to check out the rankings on page 3 (trailing twelve months with channel splits) and page 4 (single month retail only). If your company is not an FHA approved lender, these are the only industry rankings where you’ll appear!
Click the image below to access the full report.