HECM Originators October 2015

HECM endorsements fell for a second consecutive month in October and once again, wholesale declined faster than retail, dropping -8.6% compared to -6.3%, respectively. As always, there were standouts even in a down month and this month it was lenders bouncing back from a tough September:

  • Cherry Creek set a brisk pace, rising 34.8% to 62 loans
  • Reverse Mortgage Funding rose 10.2% to 271 loans
  • Live Well just missed out on a double digit recovery, rising 9.8% to 190 loans

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.