Senior Funding Group is looking to expand by adding reverse mortgage branches in New York, New Jersey, and Florida said a company statement.
The company was acquired in May of 2008 by Franklin First Financial, a leading mortgage banker that has been owned and operated by Chief Executive Officer, Frederick Assini for the past seventeen years.
“Our acquisition of Senior Funding Group provides a tremendous opportunity for our company to participate in the growing reverse mortgage market.” said Frederick Assini. “Our strength and position in the current industry should enable Senior Funding Group to expand and broaden our reverse mortgage offerings across the US.”
Branches of SFG have the ability to use its licenses and technology infrastructure, giving branches the tools necessary to close more business with greater efficiency says the company website.
Franklin First Financial has endorsed 107 HECMs YTD according to data from HUD.