November Top 100 HECM Lenders Report

by Shannon Hicks
| 3 Comments
| December 1, 2015

Download your November 2015 Top 100 Retail HECM Lenders Report Here.

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

the_Cynic
December 3, 2015 at 4:35 pm
You must go back to November 2004 to find a lower endorsement total for a November. If this is the fiscal year we are going to achieve more than 60,000 endorsements, we are off to a terrible start.

Like most NRMLA conventions, there is an air of optimism which has a tendency to go over the top with predictions for this fiscal year. However, finally, at least one leader stated things the way they are in saying: “Without forward thinking, expect us to be sitting here next year talking about how we get past 50,000 units.” Reza, I hope you are finishing your points on next year’s talk on this topic; hopefully by then you will have a receptive audience.

To grow we need to recruit originators who may not be as good with our traditional senior customers but can competently meet and gain significant numbers of referrals from financial advisers. Right now there are more than enough originators who can care for those who can qualify for a HECM from our traditional needs based seniors. It is difficult and costly to convert originators who are unfamiliar with personal finance terminology and ideas to be those who gain referrals largely from cold calling.
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Doug Volpe
January 4, 2016 at 5:41 am
Ok Marty…
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- The_Cynic
  January 4, 2016 at 6:25 pm
  Doug,
  
  Marty who or was that directed to RMI?
  
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