HECM Endorsement Volume Up – NMP Skip to main content

HECM Endorsement Volume Up

Phil Hall
Sep 06, 2018
Sales activity for home equity conversion mortgages (HECM) fell during the first five months of the year, according to new data from Reverse Mortgage Insight

Last month saw robust activity for the home equity conversion mortgage (HECM) market, according to new data published by Reverse Mortgage Insight.
HECM endorsement volume reached 3,197 loans in August, up 9.9 percent from July. August marked the second consecutive month for HECM endorsement volume growth, although it was also the third lowest total in the past 12 months.
All 10 regions analyzed for this report saw growth during July, with the Mid-Atlantic leading at 28.2 percent and the Southeast/Caribbean and Pacific/Hawaii regions trailing the pack at 2.7 percent and 5.1 percent, respectively. Among the major lenders in this sector, Live Well saw its volume rise by 29.8 percent to 170 loans, the company’s highest total since January. Other strong performance came by Finance of America Reverse with a 23.7 percent rise to 324 loans and One Reverse with a 22.2 percent upswing to 275 loans.

Sep 06, 2018
More from
Open Mortgage Hires New National Director of Reverse Sales

Charith Rodrigo joins company from American Advisors Group.

May 04, 2022
Reverse Mortgage Industry Sees April Drop In Loans

Decline comes after previous month’s 10-year high

May 03, 2022
Reverse Mortgage Veteran Joins Steven J. Sless Group

Christopher Hartley will focus on increasing reverse mortgage originations

Apr 15, 2022
ReverseVision Inc. Acquired By Constellation Mortgage Solutions Inc.

Constellation Mortgage Solutions Inc. announced the acquisition of ReverseVision, Inc., a home equity conversion mortgage and private reverse mortgage sales origination software company.

Home Equity
Feb 11, 2022
Steven J. Sless Group Of PRMI Appoints New Retail Production Manager

The Steven J. Sless Group of Primary Residential Mortgage named Greg Pahel as retail production manager, overseeing consumer direct reverse mortgage production.

Jan 12, 2022
Washington Trust Hires New MLO

The Washington Trust Company hired Matthew McCarthy of Bloomfield, CT as a mortgage loan officer.

Dec 16, 2021