Reverse mortgage brokers remain an active component of the market at 56% of market share according to the most recent report from Reverse Market Insight, compiling July endorsement volume and leading to a rearranging of lenders in the top-10 rankings for combined endorsement volume overall.
RMI’s recent report includes, for the first time in many months, the lender rankings for wholesalers and retailers and total combined, presenting a “rather interesting spin,” RMI writes.
Topping the list of lender rankings, Liberty Home Equity Solutions occupies the top of the overall lenders list with 9,942 loans year to date as of July, ranking No. 2 for wholesale and No. 4 for retail.
Reverse Mortgage Solutions and Security One combined take the No. 2 spot overall, followed by Urban Financial Group, American Advisors Group and Generation, respectively, with tight competition among them, RMI notes.
Both retail volume and Wholesale volume rose over the course of july, with retail up 7.7% and wholesale up 7.5%, following the consolidation of the HECM Standard and Saver programs, but preceding the latest reverse mortgage changes implemented by HUD on October 1.
View the rankings compiled by Reverse Market Insight.
Written by Elizabeth Ecker
