HECM endorsements rose 7.8% in May, but the big winners were retail lenders with volume up 12.2% compared to just a 2% rise for broker/wholesale volume. Retail is at 59% of industry volume, just short of the 61% reached in September and December last year.
- American Advisors Group continues to impress with a new high of 1,481 loans, up 17.7% from April
- RMS/Security One bounced back with a 24.8% rise to 392 loans and fourth place
- Proficio rose 23.3% to recover some of the losses from the past three months
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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