Several different’ people were voicing their opinion on the Senior Lending Network’s decision to eliminate the CMT based reverse mortgage product last week and SLN was paying attention.  To provide a bit more insight into why the decision was made, SLN’s CEO David Peskin responded with the following statement:

The Senior Lending Network announced earlier this week that it was moving all of its products to LIBOR starting on Monday, March 16, 2009.  According to the notice sent to brokers, SLN believes the pricing on CMT products will further diminish, therefore making the need for this product insignificant in today’s marketplace.  In the email, [...]

Late this week the Senior Lending Network announced it was changing its direction of its wholesale channel to concentrate on a specific market niche and is no longer interested in high volume and low touch business in this economy.  As part of the new direction, the company was forced to lay off some of its [...]

The Senior Lending Network was nice enough to provide me with a few copies of your favorite Reverse Mortgage Spokesperson’s new book.  Robert Wagner’s new book Pieces of My Heart is a big seller and the copies I have are signed by Mr. Robert Wagner himself.  How do you get a copy?  The first couple [...]

Today, the Senior Lending Network announced some changes which will simplify and consolidate all of its sub-brands under the Senior Lending Network name.  Included in the changes are a redesigned logo with the new tagline “We can change your life”. “We are committed to helping seniors,” stated David Peskin, chief executive officer of Senior Lending [...]

Mortgage Cadence has been busy forming partnerships with IBIS and Weiner Brodsky Sidman Kider PC and now it adds the Senior Lending Network as one of its customers too.  The Denver, Colorado based company announced last week that its Orchestrator (front end LOS) and Finale (doc prep) systems have been successfully implemented with the Senior [...]