Celink, a Lansing, MI based reverse mortgage subservicer, announced that Shannon Ozanich has joined its reverse mortgage management team as Manager of its tax and insurance default unit.
Ozanich has over eight years of experience in the company’s default management department for its forward mortgage clients, and has served as the Manager of Default Operations and a [...]

Interesting article from Mortgage Orb about how the SAFE Act is impacting individuals who perform loan modifications or service reverse mortgages.
According to the article, regulators in Mississippi are requiring all companies that accept or disburse mortgage payments be licensed as lenders and therefor must pass certain licensing exams, including the SAFE Act test.

Celink, a reverse mortgage subservicer based in Lansing, MI announced that Ryan LaRose has been promoted to the position of Chief Operating Officer.
Ryan previously served as the Executive Vice President of Celink’s Reverse Mortgage Servicing Department, which he established in August 2005. He currently manages a staff of thirty-six employees and maintains working [...]

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.

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 [...]