July Top 100 HECM Lenders Report

by Shannon Hicks
| 3 Comments
| August 1, 2017

Download your July 2017 Top 100 Retail HECM Lenders Report Here.

This Report Does Not Include Broker or TPO Data

This report was compiled from data courtesy of Reverse Market Insight.

Editor in Chief: HECMWorld.com

As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.

Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.

Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.

3 Comments

John A. Smaldone
August 1, 2017 at 11:30 am
Shannon,

Keep it going my friend, I follow you religiously. Thanks for your contribution to our industry, we need more like you!

John Smaldone
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- Shannon HicksModerator
  August 2, 2017 at 7:49 am
  John, thank you for the kind words friend.
  
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James E Veale, CPA, MBT
August 1, 2017 at 2:22 pm
With July endorsements now in, we can begin to conclude several things about this fiscal year. First, the total endorsements for this fiscal year should easily exceed those of last fiscal year. Fiscal 2017 should end as an up leg in the pattern of secular stagnation we have been experiencing since the end of fiscal 2012. The up leg may total about 1,500 endorsements short of what would be expected for this particular up leg of about 56,000.

We are seeing strong stability in endorsement leadership with AAG in first and with the former Urban (now Finance of America), RMF and Liberty rounding out the top four. Then comes RFS and One Reverse bringing in the top six.

When our endorsements are as predictable as they currently are, we are still in the throes of secular stagnation. Industry leadership needs to lead in finding the way out of this pattern, if not out of stagnation altogether.

It seems our key leadership is still distracted by its desire of eliminating industry blogs and commenters and on excusing the annual patterns of endorsements we have seen in the last decade. I wrote my oped to refocus the view of the industry on how really the decade was to endorsements rather than getting lost in the weeds of its difficulties.

We need leadership to step forward with ideas, money implementing those ideas, and being proactive rather than merely reacting or even being passive. With companies like the leadership at RMF and AAG we are seeing some of that come around. As some of you have seen, I am very supportive of such efforts just as we all should be.
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