Download your November Top 100 Retail HECM Lenders Report Here.
[ad#Urban Financial Group]
Moves from #5 to #1 seem to be the trend as One Reverse Mortgage leapfrogged from #5 last month to the top spot in November. Security One Lending who was #1 in October is holding strong at #2. Greenlight Financial Services moved considerably up from #25 to break into the top ten at #10 in November while M&T moved from #19 to #9.
Share:
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.
1 Comment
Unless the December endorsements exceed 5,742, fiscal 2012 will be the fourth straight calendar year in a row where total endorsements will be lower for the calendar year than for the fiscal year which ended three months prior.
All indications are that even without FHA changes endorsements will be lower this fiscal year over last. By definition, an industry which has seen lower annual sales production for a period of five years or more is in decline.
We are not just in recession, there are clear indications we are now moving into decline. Where are reporters getting the myth that reverse mortgages are now more popular than ever? The FHA changes may be the nail in the decline “coffin.”
Yes, endorsements are up month-to-month but this is the EIGHTEENTH month in a row where endorsements have been lower for the current month when compared to the endorsement total for the same month in the prior year.
Anyone who is not availing themselves of as much marketing help as they can obtain is looking at an even bleaker future. All the talk about HECMs for Purchase being a sleeping giant and the financial community pulling us up out of this mess is more dream than anything close to fact for the immediate future.