Inched Up – HECM Lenders June 2013

HECM endorsements rose 0.4% to 5,372 loans in June, finishing 3.6% above June 2012 level. Despite the very small increase in June, 7 of the 10 regions tracked were up, although notable exceptions were the top 2 regions (Southeast/Caribbean and Pacific/Hawaii).

Among lenders, consolidating volume for the merger of Security One Lending with RMS results in a new number one lender for the trailing twelve months. Liberty Home Equity remains close on their heels, however, averaging just 20 loans less per month and having turned in the highest total in the month of June.

One Reverse and American Advisors are also in close competition for third place, at 5,144 and 5,006 loans respectively.

Please click the image below for lender rankings and more in the full report.