Download your November Top 100 Retail HECM Lenders Report Here.
This report was compiled from data courtesy of Reverse Market Insight.
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November Top 100 HECM Lenders Report
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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.
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9 Comments
Shannon, does anyone tabulate this “top 100 Lenders Report” to determine a weighted average percentage increase or decrease from month to month, year to year etc ?
These negative production results YTD in this report don’t seem to agree with the Reverse Mortgage Insight report presented in Reverse Mortgage Daily today.
HECMVet, We actually get our data directly from RMI for the reports so I’m unsure as to why the volume increase/decrease figures differ from their analysis on RMD.
hecmvet,
RMI is strong on its historical analysis. They are poor, very poor, when it comes to trend analysis and prognostication.
Perhaps you can illustrate the problems you are referring to. It is hard for me to picture the problem you describe.
Just remember RMI is marketing to and FOR lenders and thus they tend to find sliver lining rather than realistic perspectives. RMI cannot sell to lenders if their emphasis is on how bad things are and what direction things are really going.
I look forward to their answer.
Shannon,
Can you tell me more about lead generation? Do any lenders offer leads to LO’s ? I am trying to break in to this market as I see all the benefits the RM offers to seniors.
Thanks for your input.
Tom
Tom: I am unaware of any lenders offering leads to originators outside their organization. We do have a great lead shopping tool called Lead Central. You can try it at the link below (requires free or paid account).
https://www.reversefocus.com/user/marketing/lead-central/
Tom R,
Yes, several lenders do sell leads, you need to contact them directly. Not all but many, especially those in excess due to above average lead generation efforts
When are we going to start reporting on Top 100 Reverse Mortgage Originators– the loan officers, not the loan companies?
Demas, That would be an interesting and insightful report. Such a report would have to come from HUD’s endorsement data directly. I would recommend suggesting this to Reverse Market Insight (RMI) as they compile the report data for us each month. Not sure if it’s possible but worth a try.