Caught like proverbial deer in the headlights, reverse mortgage originators engaged in what is collectively called “cross-selling” are treading ever so carefully – if at all – into such extended marketing activity. According to the national Housing and Economic Recovery Act (HERA) passed last year, “neither mortgagees nor any other party may require mortgagors to […]

Genworth Financial announced today it’s expanding its wholesale Reverse Mortgage division in response to more than 1,300 new lenders entering the reverse mortgage market in 2008.  Genworth Financial Home Equity Access, has hired additional staff and realigned senior management to better serve the needs of its rapidly growing wholesale customer base.
As part of Genworth’s […]

Genworth Home Equity Access recently updated its Marketing Solutions Portal, which enables brokers to streamline their direct marketing to business partners.  By utilizing the portal, wholesale partners can customize pre-designed reverse mortgage collateral with their logo, picture, and contact information.
"The marketing solutions portal gives approved and active Genworth Broker Partners the ability to market to […]

Genworth Financial announced today that it has named Robert R. “Bob” Scott to its Reverse Mortgage leadership team.  He will join Genworth Financial Home Equity Access, Inc. as its Executive Wholesale and Correspondent Lending Sales Leader and will accelerate the expansion of both channels.
Scott brings over 30 years of experience in the financial […]

Genworth Financial announced it’s applying to become a savings and loan after it reached a deal to acquire Interbank, fsb.  Genworth, a provider of life and mortgage insurance products, will acquire the Maple Grove, Minnesota based bank for an undisclosed sum. The community bank has about $1 billion in assets according to its website. 
Assuming […]

Liberty Reverse Mortgage has announced that on Nov. 17 it will become Genworth Financial Home Equity Access.  Genworth acquired the company in November 2007 for $50 million and was the first major insurance provider to acquire a reverse mortgage lender.
According to Reverse Market Insight’s October MIC Reports, the Rancho Cordova, California based company has seen […]