Download your July 2017 Top 100 Retail HECM Lenders Report Here.
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July Top 100 HECM Lenders Report
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This report was compiled from data courtesy of Reverse Market Insight.
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3 Comments
Shannon,
Keep it going my friend, I follow you religiously. Thanks for your contribution to our industry, we need more like you!
John Smaldone
John, thank you for the kind words friend.
With July endorsements now in, we can begin to conclude several things about this fiscal year. First, the total endorsements for this fiscal year should easily exceed those of last fiscal year. Fiscal 2017 should end as an up leg in the pattern of secular stagnation we have been experiencing since the end of fiscal 2012. The up leg may total about 1,500 endorsements short of what would be expected for this particular up leg of about 56,000.
We are seeing strong stability in endorsement leadership with AAG in first and with the former Urban (now Finance of America), RMF and Liberty rounding out the top four. Then comes RFS and One Reverse bringing in the top six.
When our endorsements are as predictable as they currently are, we are still in the throes of secular stagnation. Industry leadership needs to lead in finding the way out of this pattern, if not out of stagnation altogether.
It seems our key leadership is still distracted by its desire of eliminating industry blogs and commenters and on excusing the annual patterns of endorsements we have seen in the last decade. I wrote my oped to refocus the view of the industry on how really the decade was to endorsements rather than getting lost in the weeds of its difficulties.
We need leadership to step forward with ideas, money implementing those ideas, and being proactive rather than merely reacting or even being passive. With companies like the leadership at RMF and AAG we are seeing some of that come around. As some of you have seen, I am very supportive of such efforts just as we all should be.