May Top 100 HECM Lenders

Shannon Hicks June 1, 2017 4

Download your May 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.

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  1. The_Cynic June 1, 2017 at 11:50 am - Reply

    It is interesting that there is no commentary on the numbers except from a few of us. Endorsements are the only rational measure available to us in determining growth.

    While some advocate changing the way we measure growth in the industry, we still need endorsement data since the only one who has any information on tail data before fiscal 2009 is Fannie Mae who owned all but a small percentage of HECMs endorsed before October 1, 2011.

  2. Larry Berlfein November 14, 2017 at 10:17 am - Reply

    hi… does the top 100 report include “brokers” or is it just direct hecm lenders only? is there a “broker” top 100 list?

    • Shannon Hicks November 15, 2017 at 8:11 am - Reply

      The report is only for direct HECM lender endorsements but omits TPOs and brokers. You can contact our data provider- Reverse Market Insight ( for additional reports.

    • James E. Veale, CPA, MBT November 16, 2017 at 12:57 am - Reply

      Mr. Berlfein,

      Shannon is exactly right. The remainder of my comment provides an overview of the four major monthly endorsement reports available on line at no cost to the user.

      Under current FHA terminology there are FHA approved lenders with all others classified as TPOs (Third Party Originators). Banks, brokers and any legal lender can get approved by FHA as an approved lender but the costs and required reporting can be costly.

      Reverse Marketing Insight (RMI) has two reports it produces monthly which is free to the public. In the first two days of each month, RMI publishes a report with more data than the Top 100 Report which is a further summary of the monthly endorsement summary report provided by FHA on the first day of each month (or if the last day of the prior month falls on Saturday, the report is generally published on Saturday of that weekend).

      Later in the month HUD provides a very detailed report on endorsements for the prior month called the HECM Snapshot Report. From that report RMI prepares a far more summarized and useful report for originators (meaning the company that actually originated the HECM). It is in that report you will find information on TPOs. TPOs include banks, credit unions, brokers, and any other legal lender who has not been approved by FHA as a FHA Approved Lender.

      While the Top 100 Lenders report gives a great idea of who the leading Approved lenders are in the industry, the RMI Lenders’ Report is more thorough with more details. Finally the Originators’ Report helps TPOs understand their position with the industry.

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