While it was once believed the lenders who specialize in reverse mortgages find the most success, some mid-sized lenders are proving that operating on both the reverse and forward sides is a viable—and even preferable—model. Costly regulation and ongoing changes taking place in the reverse mortgage industry have prompted at least one top-20 lender to [...]

Security One Lending has teamed with Columbia Credit Union to offer reverse mortgages to Columbia’s members. Top-10 lender reverse mortgage lender Security One says the agreement with Vancouver, Wash.-based Columbia Credit Union provides an opportunity to expand S1L’s reach in working with the credit union’s members. ““Our program provides a non-competitive solution for forward thinking [...]

Reverse Fortunes, a customer relationship manager (CRM), released new features to help streamline the lead-to-client process last week. Designed specifically for reverse mortgage originators, customers now have the ability submit loans to MetLife’s wholesale division seamlessly from within the system using “easy buttons.” “Using our CRM originators can eliminate double data entry and simplify the [...]

Security One Lending (S1L) announced it has introduced QR Codes to its print and online advertising platforms. QR, or “Quick Response,” Codes (see image) are images that can be scanned by smart phones, much the way bar codes can be scanned by bar code scanners. The QR code is scanned to instantly direct the user [...]

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 [...]

Security One Lending (S1L) has signed Pat Boone as its national spokesman. Boone, the 10th best selling recording artist of all time, is an actor and entertainer, and San Diego-based S1L says it selected Boone over other candidates for his “reach” to the senior demographic, which has remained “incredibly strong.” “Reverse Mortgage products are an [...]