May was a positive month for HECM endorsements, with an increase of 17% to 2,460 loans. Wholesale/broker rebounded from 2 declining months even as the industry rose, rising 27%, while Retail/direct continued a slower, steadier path by increasing 11.1%.
When we look at the month over month endorsement on page 2 of our report, we had 5 of the Top 10 on that ranking with an increase in volume.
- Longbridge bounced back 149.5% to 474 loans and a new high on this report since Dec 2022
- South River doubled volume to 86 loans
- Goodlife/TMAC grew 27.5% to 102 loans
Check out the full rankings on pages 3 and 4 of the full report below by clicking on the image.
