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 One was just a hair behind, rising 37.2% to 343 loans and their highest monthly total yet
- Nationwide Equities also jumped 22.6% to 141 loans
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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