Standard and Poor’s affirmed an “Above Average” rating of Celink, a privately owned reverse mortgage servicer and said the outlook is stable.  The agency considers Celink’s financial position to be ‘Sufficient’ and has knowledgeable and experienced management team, which continues to grow. “Celink has continued to successfully hire, develop, train, and retain a staff to [...]

Celink announced that Industry Consulting Group has been added as its exclusive tax service provider. ICG specializes in providing tax tracking services to the reverse mortgage industry and has implemented a complete end-to-end solution for handling tax payment delinquencies. Their knowledge, expertise, and proprietary technologies enable them to provide its clients with a single process [...]

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 [...]

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 relationships [...]

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.