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Atlantic Avenue Mortgage tops April HECM endorsements with 110 loans
The April total was 34% above Atlantic Avenue’s 12-month rolling average, while nationwide HECM originations were up 6% from May but down 9.8% year to date.
Atlantic Avenue Mortgage led April Home Equity Conversion Mortgage endorsements, endorsing 110 HECMs, according to data published by HECMWorld.com and based on Reverse Market Insight (RMI) figures shared this week. The company’s April volume was 34% higher than its 12-month rolling average of 82 endorsements, and its rolling total for the past year rose to 978, up from 938 for the year ending in March.
loanDepot ranked second in April with 43 loans endorsed, bringing its 12-month rolling total to 456. Caliver Beach Mortgage (393) and C2 Financial Corp. (178) followed, while West Capital Lending moved to No. 5 after adding 19 loans in April for a rolling 12-month total of 168.
RMI data also showed direct endorsement activity for June across the nation’s top 100 lenders increased 6% from May 2026, but fell 9.8% on a year-to-date basis. The leading direct lenders last month were Finance of America (481), Longbridge Financial (407), Mutual of Omaha Mortgage (398), Fairway Home Mortgage (112), and South River Mortgage (74).
The article notes that overall HECM volume has declined for years, with FHA data republished by the National Reverse Mortgage Lenders Association showing endorsements dropping from a peak of 114,692 in fiscal year 2009 to 28,172 in FY 2025. It also points to growing demand for proprietary reverse mortgages, citing New View Advisors data that private-label originations of $953 million surpassed HECMs at $875 million in the first quarter of 2026.