Generation Mortgage’s Wholesale team recently welcomed Laurel Anderson, previously of Premier Reverse Closings, to its team of Account Executives. Prior to joining Generation, Anderson worked as an Account Manager for both Premier and E*Trade Financial. With five years of experience in the reverse mortgage industry, Generation calls her a “proven performer” at partnering with her [...]

Top-five reverse mortgage lender Generation Mortgage announced personnel changes this week, as well as a reorganization of its new national retail division. The national retail division will have two retail leaders: one will be in California, and the other in New York. Generation has hired Ed O’Connor as East Coast regional manager, where he will [...]

Generation Mortgage Company, the largest privately-owned reverse mortgage retailer and wholesaler in the U.S., recently received two local 2011 Better Business Bureau Torch Awards. The awards will help not only company recognition, but also positive recognition for the entire reverse mortgage industry, Generation says. “Winning these awards means Generation Mortgage is doing a terrific job [...]

Generation Mortgage announced this week it is expanding its retail reverse mortgage business into Puerto Rico. Generation, a Top-10 lender and the largest privately-owned reverse mortgage company in the U.S., has opened a branch office in San, Juan, Puerto Rico, to market and service reverse mortgage loans throughout the island. “We’re very excited about being [...]

Wholesale HECM endorsements fell slightly in March, with third-party originations by non-FHA originators gaining steam, according to a recent report from Reverse Market Insight. While wholesale saw a 0.7% drop, retail endorsements gained 10.8% during the month. RMI has tracked the declining number of originators in the industry for some time, but the TPO originations by [...]

An industry call this week provided some insight into progress lenders made by lenders in working with HECM borrowers behind on their taxes and insurance payments, as well as an update on the status of the ”financial assessment” the Department of Housing and Urban Development plans to introduce to prevent future occurrences. During the call, representatives [...]