The leading indicator of HECM loan volume Which came first the chicken or the egg? There’s no number that reverse mortgage lenders and originators track more closely than our monthly endorsement totals. That is, the number of federally-insured reverse mortgages that are formally ‘insured’. In fact, our monthly Top
A long-term perspective of HECM endorsement volume Our collective experience as reverse mortgage professionals shapes our perspective. Much of that perspective in recent years was influenced by falling endorsement volumes. The reverse mortgage industry posted a record 114,000 endorsements in 2009 just as the housing and economic crash began in
With reverse mortgage originators making less per funded loan some are curtailing their investment in marketing and lead purchases- both which contribute to fewer loans. The result is a self-fulfilling prophecy.
There’s a Silver Lining in HECM Endorsements That is Overlooked The chorus of dismay from reverse mortgage professionals lamenting declining reverse mortgage loan numbers began after the Great Recession and continues through today. Consequently, a sense of frustration and futility has set in for some who believe our industry was