Month to month HECM endorsement volume is always volatile, but the past few months have seen more than the usual jumps in lender rankings and performance. Blame the overall industry swings in the adjustment to FHA policy changes last year, which is also why overall volume was down -10.6% in March from February.
- Liberty Home Equity grabbed the #1 ranking for a second consecutive month on the back of 1,437 total loans (top of page 2), of which 583 were retail (page 4)
- American Advisors continues to have the highest volume retail group at 656 loans in March and supplemented with wholesale to drive a #2 overall ranking
- Other lenders saw big drops, likely due to endorsement lumpiness and intense price competition for wholesale 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!
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