Celink announced that it has been approved by Ginnie Mae as an Issuer for its Home Equity Conversion Mortgage Backed Securities (HMBS) program. 
The approval gives Celink the ability to function as a subcontract servicer on any reverse mortgage MBS said a statement.
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John LaRose, the CEO of Celink, has donated $25,000 to housing and rehabilitation organizations that aid veterans to commemorate the recent 68th anniversary of Pearl Harbor Day.
The donation supports Home for Our Troops, which builds handicapped accessible homes for severely wounded combat veterans, and the Achilles Track Club, which provides equipment, training and [...]

Mortgage Technology editor Anthony Garritano writes that survey results found that 76% of respondents said there isn’t enough technology out there to automate reverse mortgages.  To be fair, the survey had a whole 17 people respond but it got me thinking, what are people looking for?
There are origination systems catering to larger lenders [...]

PenFed, an Alexandria, VA based credit union is offering customers their PenFed Advantage program which provides an FHA insured HECM without any origination fee or service fee set aside (SFSA).  Without the SFSA, a 70 year old borrower will see roughly $5,000 more in proceeds with a property valued at $600,000. 
Below is a [...]

Celink, a Lansing, Michigan based reverse mortgage subservicer, recently obtained approval from Ginnie Mae as a “Participation Agent” for the FHA HECM (reverse mortgage) Mortgage Backed Securitizations.  As a participation agent, Celink will be responsible for the accounting and data management aspects of the issuers loans. 
While Celink has been a subservicer on six [...]

Lansing, MI based Celink is celebrating its 40th year of business and despite being located in the heart of an economically troubled state like Michigan, John LaRose, CEO of Celink reflects on the past and looks with optimism to the future.
“There is an invaluable lesson organizations learn in order to weather the storms created [...]

A local NBC television station aired Reverse Mortgage: Man calls 12 about dwindling credit line which describes how Donald Conn took out a reverse mortgage with Wells Fargo and after noticing small amounts ($3, $5, and $7 every month) disappearing from his credit line he called to ask Wells what was happening and they [...]