August Top 100 HECM Lenders Report

by Shannon Hicks
| One Comment
| September 1, 2023

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View Annual Historical HECM Endorsements<span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span>

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

James E. Veale, MBT
September 3, 2023 at 11:01 am
Many will be surprised by the following data.

Despite all of the industry hype about H4P acceptance by Realtors and campaigns to increase it even more, the H4P endorsements for fiscal 2023 will be the worst such production in nine years [which includes fiscal 2019 with just over 31,000 total HECM endorsements, the lowest total HECM endorsement production in over two decades (since fiscal 2003)].

Total HECM endorsement production for fiscal year 2023 will be around 33,000, making it the second worst fiscal year for total HECM endorsement production since fiscal year 2003.

As to HECM Refi endorsements, fiscal year 2023 will be the 12th best fiscal year in the last 20. Believe it or not, HECM Refi endorsements are the brightest area for HECM endorsements in this fiscal year. Most industry participants do not realize that it was only in the prior two fiscal years that HECM Refi endorsements exceeded the previous all time high of 8,968 which was achieved in fiscal year 2009, the best fiscal year for total HECM endorsements to date with well over 114,000 total HECM endorsements.
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