If we’re at the new norm of industry-low volume, what’s next? Reverse Market Insight’s recap of June 2019 endorsements states, “2,500 endorsements per month is the default volume setting for the industry right now”. Calculate that out and that would equate to a new low in annual HECM endorsements totaling
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.