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Category Archives: HECM Originators

HECM Originators – March 2018

HECM endorsements dropped -17.3% in March, with Wholesale dropping a stunning -28.7% while Retail slimmed just -6.3%.

Some lenders managed a good showing despite the decline:

  • Live Well jumped 36% to 185 loans, rebounding neatly from the February decline
  • Nationwide Equities bounced back 37% to recover from an outsized Feb drop
  • One Reverse managed a more modest gain at […]

HECM Originators – February 2018

HECM endorsements dropped -17.6% in February, split relatively evenly across Retail (-16.9%) and Wholesale (-18.4%) channels.

That level of decline was made up of a lot of lenders, and High Tech was the only top 10 lender to increase in the month, rising 82.9% to 192 loans.

It gets more interesting as we look at our Originator […]

HECM Originators – January 2018

HECM endorsements jumped 32.9% in January, with a huge 56.1% growth in Wholesale tempered somewhat by Retail’s still impressive 16% increase.

As you might expect with surging industry volume, many lenders grew including all of the top 10:

  • Liberty tripled, rising 211.1% to 840 loans
  • Longbridge increased 88.8% to 355 loans
  • Nationwide Equities grew 76% to 132 loans on […]

HECM Originators – December 2017

HECM endorsements declined -0.7% in December, with weakness concentrated in Wholesale. Broker volume slipped -4.3% while Retail grew 2.1% to finish the year with 3,716 more loans (14%) than wholesale/broker after the gap shrank all the way down to a mere 12 loans in April.

Many of the largest lenders showed turned in a solid month:

  • Longbridge […]

HECM Originators – November 2017

HECM endorsements grew 6.3% in November, the first sign of additional case numbers issued under pre-Oct 2 rules showing up in endorsement volumes. Retail lenders were strongly represented, with volume up 13.7% compared to October while Wholesale dropped -1.9%.

Many of the largest lenders showed an even larger bump in volume:

  • Longbridge surged 93.5% to 149 loans […]

HECM Originators – September 2017

HECM endorsements slid -6.7% in September after bouncing back in August, with Retail performing significantly better (-4.6%) than Wholesale (-9.1%).

The largest lenders showed a trememdous spread in performance:

  • Live Well bucked the down month to register a second consecutive big growth month, up 36.5% to 247 loans and their highest monthly total in over a year
  • AAG […]

HECM Originators – August 2017

HECM endorsements rose 15.8% in August after a sharp decline in July, with growth balanced well across Retail and Wholesale. Both gained by double digits and ended just above their June totals.

Among lenders growth was similarly broad based, with all of the top 9 (exc. RMS) showing >10% growth:

  • One Reverse led the way, rising 59.7% […]

HECM Originators – July 2017

HECM endorsements dropped in July -12% in July, with Retail taking the heavier hit at -13.6% and Wholesale declining -10.4%.

  • Finance of America Reverse was the only top 10 lender to increase volume in the month, rising 4% to 942 loans
  • Fairway rose 20.3% to 77 loans and tie for #8 on the month in our page […]

HECM Originators – June 2017

HECM endorsements declined -0.3% in June, but Retail/direct grew 0.8% to 2,530 loans while Wholesale/broker dropped -1.6%.

5 of the top 10 lenders grew their volume despite the small industry decline, with a huge spread between the top and bottom results:

  • Finance of America Reverse grew 37.9% to 906 loans, their highest reading in over 12 months
  • Synergy […]

HECM Originators – May 2017

HECM endorsements declined -3.6% in May, continuing to slowly recede following the spike in March. After holding up better in April the Wholesale segment accounted for much of May’s decline, dropping -6.7% compared to Retail/direct at just -0.6%.

We also saw several big lenders rising in the month, with 7 of the top 10 posting gains:

  • Live […]