Now offering expert services and software tools for Servicing Oversight and Portfolio/Asset Management. Learn More.

Category Archives: HECM Originators

March Madness – HECM Originators March 2012

March was the lowest month in recent memory for HECM endorsements, down -19.3% to 4,374 loans. We have to go all the way back to September of 2005 to find a month with lower volume.

Broker/TPO channel business declined dramatically, dropping -26.6% compared to -12.8% for retail/direct. This relative performance gap has swung both ways in […]

TPO Surging – HECM Originators

February HECM endorsements grew 5% while case numbers issued shrank, but what we discover in this month’s HECM Originators report is that third party originators (TPOs) brokering to wholesale lenders were responsible for all the growth (+15.1%) while direct lenders with retail operations shrank in the month (-2.7%).

This is the second month in a row […]

Closing the Books – HECM Originators December 2011

December’s HECM Originators report brings us final 2011 rankings for both retail/broker/TPO originators and wholesalers, as well as the best view yet of how monthly rankings will fare in the brave new world post Wells and BofA (combined volume in single digits for December).

Overall endorsements were down -1.8% from November, with the entire decline coming […]

Wholesale Bounces Back – HECM Originators November 2011

We’ve known for months that Wells Fargo’s exit would have a major impact on HECM endorsement totals, with the expectation that all else being equal Wells’ huge retail market share would impact that side of the industry more directly.

October gave us reason to doubt that expectation, with the first half of Wells volume decline coinciding […]

Channeling volume – HECM Originators September 2011

October HECM endorsement totals were spooky as Wells Fargo’s volume slid down the exit ramp, but what more can we learn about September now that we have detailed figures available? HECM Originators shows us the balance between retail/direct and TPO/wholesale channels, and gives us our first picture of individual TPO companies for the month since […]

A New Look At Originators – HECM Originators July 2011

This is the first issue of the HECM Originators report, which takes the place of “Wholesale Leaders” for rankings of retail and TPO/broker/wholesale business.

July summary

July endorsements showed a continued trend of better results for retail/direct lenders compared to wholesale/brokered volumes, with Retail declining -5.2% while Wholesale shrank -7.0%. We also saw the gap between the […]

Smoother Sailing – Wholesale Leaders June 2011

This report will be known as “HECM Originators” starting next month to identify it as the best source of rankings of all companies originating HECM loans, regardless of FHA approval status.

While the rest of the world is deciding just how much the rating agencies matter 3 years after the 2008 debacle, volatility in the reverse […]