Report Finds HECM Endorsements More Than Triple In May

Jun 02, 2020

Director of Events

Home Equity Conversion Mortgage (HECM) endorsements more than tripled in May 2020, jumping 214.7% to 5,038 loans, according to the latest Reverse Mortgage Insight HECM Lenders report. This figure is just under the February reading, and is greater than the April and May average of 3,320 loans.

All of the nation's 10 regions saw an increase in HECM endorsements, with the Rocky Mountain Region seeing the largest average percent change at 48.3%. The Northwest/Alaska territory followed with an average change of 48%. In addition, six of the 10 regions are above their June-March averages.

American Advisors Group led the group of top 10 HECM lenders, jumping from 537 endorsements in April 2020, to 1,726 endorsements in May 2020. Open Mortgage is 90.2% above their prior average, according to the report. Fairway Independent Mortgage Corporation has been charging forward and is now 62% above their previous average.

RMI stated that it is looking at these numbers as catching up, rather than a new trend, in HECM endorsements.

Click here to view more from the RMI HECM Lenders report.

About the author

Navi Persaud

Director of Events

Navi Persaud is Director of Events at NMP.

Link copied

Published

Jun 02, 2020

Courts

UWM Previews Bid To Dismiss Rocket’s $100M Servicing Lawsuit

UWM argues Refi75 was permissible mass advertising

United Wholesale Mortgage is preparing to ask a New York court to dismiss Rocket Mortgage’s $100 million lawsuit over alleged violations of mortgage servicing rights agreements, arguing that Rocket’s claims conflict with the contracts and rely on unsupported allegations.In a...

Analysis and Data

Homebuyer Assistance Programs Reach Record High As Grants Expand

Down Payment Resource identified 2,746 programs nationwide, although only 77% were active and funded at the beginning of July

The number of U.S. homeownership assistance programs climbed to a record high in the second quarter as more grants and programs covering manufactured homes and multi-unit properties became available.Down Payment Resource identified 2,746 programs nationwide as of July 1, an ...

Sep

Dallas, TX

More from

Reverse

Record Senior Equity Widens Reverse Mortgage Opportunity

Homeowners age 62 and older hold $14.92 trillion in housing wealth, but lenders still face the challenge of turning equity into production

Reverse

Jul 23, 2026

Finance of America Expands Reverse Mortgage Portfolio With $5.2B MSR Acquisition

Acquisition of approximately 20,000 HECM loans from Onity strengthens the company's servicing platform while establishing a three-year subservicing partnership

Reverse

Jul 02, 2026

Reverse Mortgage Borrowers Are Showing Up Too Late

GreenPath data suggests more seniors are arriving later in the financial cycle, limiting flexibility for loan structuring

Reverse

Apr 22, 2026

HECM Volume Rebounds In March But Signals Persisting Reverse Mortgage Slowdown

Endorsements rise month over month, but flat annual volume and growing proprietary competition reshape opportunity for LOs

Reverse

Apr 07, 2026

Finance Of America Launches Second-Lien Reverse Mortgage Amid Rate Lock-In Demand

New HomeSafe second line of credit targets equity-rich homeowners seeking access to cash without refinancing into higher rates or taking on monthly payments

Reverse

Apr 02, 2026

Mortgage Cadence Exec George Morales Joins NRMLA Board

George Morales, National Sales Director at Mortgage Cadence, has been elected to the NRMLA Board of Directors, where he will help guide reverse mortgage industry policy, modernization, and consumer-focused innovation

People On The Move

Dec 05, 2025

Popular