Just as a rising tide lifts all boats, so the increase in HECM endorsements in September spread the growth virtually identically across the Retail/direct and Wholesale/TPO channels. The overall industry grew 15.8% to 3,762 loans after the disastrous levels reached in August, with Wholesale gaining 15.9% to Retail’s 15.6%.
- Liberty more than doubled, up 132% to 552 loans and the highest level since April (page 3) on the back of a doubling of retail loans (page 4)
- AAG grew an impressive 36% considering they were already more than double the nearest competitor last month
- Generation perked up 26% as they close out their pipeline of fundings to be endorsed
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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