May Top 100 HECM Lenders Report

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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

The Positive Realist
June 5, 2023 at 1:14 am
It used to be considered a slight mark of distinction being included in the top 100 list of HECM lenders. The only thing keeping lenders off the list now is not even having one HECM endorsement in the month.

As the total HECM endorsements for April 2023 were the fourth worst such total since January 2004, the total HECM endorsements for May 2023 is the fifth worst such total since January 2004.

I was quite surprised to hear the HECM endorsement total last month was the worth total for any May since May 2003.

Based on annual totals, fiscal 2023 is likely to be the worst or the second worst fiscal year for HECM endorsements since fiscal 2003.

Now consider that this is the first year following our highest fiscal year for HECM endorsements since fiscal 2011. As the adage goes, what a difference a year makes.
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