HECM endorsements dropped -4.2% in June to 4,158 loans. Wholesale declined -2.1% to outperform Retail (-5.6%) for the first time in 5 months.
That subtle shift in channels showed up powerfully in lender performance, although once again just 3 of the top 10 lenders gained on the month.
- Mutual of Omaha surged 43.5% to 333 loans – their highest total since the 2017 PLF changes took effect (Jan 2018 endorsements)
- HighTech Lending rose 10.5% to 95 loans
- FAR inched up 0.2% to 622 loans
Check out the originator rankings on page 4 to see more companies outside the top 10 doubling or tripling their reverse volume this year!
See the full report below by clicking on the image.
