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Category Archives: HECM Originators

HECM Originators – June 2016

HECM endorsements rose 3.4% in June to break a 3 month string of declines, with Retail leading the way. Retail/Direct increased 7.7% while Wholesale/Broker volume dropped -2% in the month.

  • High Tech Lending solidified its move into the top 10, jumping 52.9% in the month to 159 loans (higher than 3 other top 10 lenders in […]

HECM Originators – May 2016

HECM endorsements fell -14.2% in May, comprised of a -17.5% drop in the larger Retail channel and -9.6% decline in Wholesale/Broker channel.

One interesting point about the decline is that with overall industry volumes at the lowest level since August 2014, Wholesale/Broker volume has held up significantly better in the subsequent 21 months:

  • Wholesale average monthly volume […]

HECM Originators – April 2016

HECM endorsements dropped -6.3% in April overall, but Retail dropped significantly more at -7.6% compared to a Wholesale decline of -4.4%. As usual, several originators managed to buck the downtrend:

  • On the Retail side, RMF and Liberty each managed to increase 37% in April to lead the top 10 lenders
  • Over on the Broker/Wholesale side, Approval First Home Loans […]

HECM Originators – March 2016

March endorsement volume was mostly flat, with Retail growing by 9/10 of a percent, and Wholesale/Broker volume down 3.88% over February.

Leading the way for the month were Live Well, up 87%, and Reverse Mortgage Funding, with growth of 28%. Of the top 10 lenders, AAG, Synergy One (RFS), and Home Point all grew in the […]

HECM Originators – February 2016

HECM endorsements growth in February was led by Retail/Direct lenders rising 20.3%, while Wholesale/Brokers put in a 14.3% increase that would be impressive in most any other month.

  • Liberty led the way with 67.9% increase from Jan, putting its highest monthly volume total since August
  • RMF jumped 22% on the month to 266 loans
  • One Reverse bounced back […]

HECM Originators – January 2016

HECM endorsements took a disappointing dip in January to the lowest levels in over a year as the industry continued to absorb the impact of Financial Assessment changes last April. The surprise in our HECM Originators report is that almost all of this decline happened on the Retail side of the business, dropping -12.9% in […]

HECM Originators – November 2015

HECM endorsements fell -7.1% in November and the wholesale/retail split diverged substantially

  • Wholesale dropped -18.3%, marking the third month in a row of faster declines than Retail as the industry dropped in the wake of Financial Assessment implementation
  • Retail posted 1.6% growth to bounce off the low levels from October

The disparity is even greater when comparing the […]

HECM Originators September 2015

Happy Thanksgiving to everyone in every corner of the reverse mortgage industry! Hope everyone has fantastic feasts with family and friends.

September HECM endorsements dropped -18.8%, but as we typically see in volatile months for volume wholesale moved quite a bit more, dropping -26.2% compared to retail’s -11.6%. As usual though some companies bucked the trend.

  • AAG crept […]