HECM endorsements dropped slightly in November to 3,884 loans, as we learned last month. We now know that Retail/direct lenders dropped a more substantial -4.3% while Wholesale/broker volume actually rose 3.7%.
A few companies underlined this point with rising retail volume on our page 4 rankings:
- All Reverse Mortgage (formerly United Southwest) jumped 358% to 55 loans
- M&T Bank grew 282% to 42 loans
- Advisors Mortgage Group posted a 104% rise to 57 loans and the #11 ranking on the month
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!
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