Category Archives: HECM Originators

HECM endorsements grew 36% in October, powered by Retail rising 45% and Wholesale perking up 22.7%.

That’s the highest monthly total since February, and that was fueled more by a backlog of endorsement activity rather than the higher origination volumes driven by lower interest rates as is currently the case.

The top 10 as a group slightly […]

HECM endorsements dropped -15% in August, with Retail declining -16.7% and Wholesale only slightly better at -12.4%.

Most of the top 10 fared better than the industry, with 5 of the 9 (excluding Live Well) increasing on the month:

• High Tech put in its best showing since February, rising 171% to 76 loans after a dismal July
• Longbridge […]
  

HECM endorsements rose 8.2% in July, with Retail jumping 12.9% and Wholesale nudging 1.8% higher.

7 of the top 10 lenders gained on the month:

• Liberty grew 23% to 230 loans
• RMF increased 22.1% to 293 loans
• Synergy One gained 20.3% to finish with 178 loans

Special shout out to Advisors Mortgage Group that jumped all the way to #9 […]

HECM endorsements dropped -5.6% in June, as Retail sank -8.7% and Wholesale held steadier at -0.9%.

Just 3 of the top 10 lenders gained on the month:

• HighTech jumped 73.5% to 59 loans after a tough May
• Fairway gained 40% to 98 loans in their highest showing since February
• Finance of America Reverse grew 35.8% to 410 loans

Click the […]

HECM endorsements grew 12.7% in April, with strong Wholesale growth (+21.2%) outpacing slower Retail results (+6.6%) but both contributing to a solid month of volume.

Seven of the top 10 lenders gained on the month as they collectively outpaced the overall industry:

• Liberty jumped 66.4% to its highest level since March 2018
• Synergy One grew 19.7% on 164 […]
  

HECM endorsements declined in March without the tailwind from loans built up during the government shutdown. The decline was fairly balanced, with Retail dropping -36.1% while Wholesale shed -35.1%.

All of the top 10 lenders dropped, so let’s dig further to see smaller originators that overcame the industry decline:

• The Federal Savings Bank jumped 366.7% to 14 […]
  

HECM endorsements jumped 142.6% to 4,000 loans in February, as the backlog in endorsements from a partial government shutdown was completed.

• Retail grew 131.8% to 2,343 loans and 58.6% of the industry
• Wholesale increased 159.7% to 1,657 loans

Several lenders enjoyed banner performances:

• Finance of America soared 806% to 725 loans
• One Reverse leaped 376% to 352 loans
• Fairway grew 239% […]
  

HECM endorsements dropped -5.7% to 1,649 loans in January, which we already discussed extensively.

• Retail declined -6%, coming close to dropping below 1,000 loans for the month
• Wholesale did better, giving up -5.3% to end at 638 loans

Thankfully we already know that February was significantly better, so we can avoid the worst pangs of depression […]

HECM endorsements dropped -31.4% to 1,749 loans in December, marking a very troubling low point to end the year.

• Retail plunged -29.4% to 1,075 loans, just over 1/3 of the January 2018 figure
• Wholesale declined even farther, losing -34.4% to finish at just 674 loans

The carnage was widespread, as each of the top 10 lenders dropped on […]

HECM endorsements increased 7.4% to 3,087 loans in October, recovering most of the loss in the prior month.

• Retail led the way, gaining 7.9% to 1,829 loans
• Wholesale posted a smaller 6.7% rise to 1,258 loans

Eight of the top ten lenders saw increased volume on the month:

• One Reverse paced the field, jumping 24.7% to 247 loans
• Synergy One […]