Genworth Financial Home Equity Access (GFHEA) announced the addition of Michael Suits as its new Regional Account Manager for the Southwest region. “Michael brings a wealth of reverse mortgage knowledge and experience and we are excited to have him take over a key territory for us,” said Bob Marseilles, GFHEA National Wholesale Sales Leader. “We [...]

Genworth Financial Home Equity Access (GFHEA) is rolling out a new closed loan program (CLP) that allows customers to fund their own loans without becoming full correspondents. Under the program, customers have the ability to sell loans to Genworth while maintaining existing broker responsibilities in addition to closing and funding their own loans. GFHEA will continue [...]

As the April 1 implementation date for the Federal Reserve’s loan officer compensation rule grows closer, three reverse mortgage executives sat on a panel at the National Reverse Mortgage Members Association’s industry conference last week to discuss their status as the clock ticks. They are prepared, they say, the but their interpretation of the rule [...]

As the secondary market for reverse mortgages continues to fluctuate, the importance of how much it costs to generate a lead has never been greater.  In theory, with margins coming down, the cost of buying leads should follow. “They’re so expensive with where the margins are right now,” says Josh Shein, President of Great Oak Lending [...]

Only a few months after the release of the HECM Saver in October 2010, the new product is gaining traction with some lenders, while others are just starting to turn their attention to the low cost reverse mortgage product. Different than the Federal Housing Administration’s HECM Standard, the Saver provides consumers access to a reverse [...]

Genworth Financial Home Equity Access has acquired the reverse mortgage websites of Premium Reverse Leads, a lead company based in Chicago, IL. RMD has been aware that the two companies were discussing a deal for quite some time, but it’s clear the acquisition recently closed after seeing the domain ownership was transferred to Genworth late [...]