In case you missed it…here’s what happened in reverse mortgage news this week.
Reverse mortgage wholesale held steady. Wholesale volume rose 7.5% over the course of July, which saw top-10 lenders shuffling in the ranks.
Urban announced new hires to its reverse wholesale division. With future growth in sight, Urban Financial Group expanded its wholesale team with the addition of several new sales and business development roles.
Sunny states bucked national reverse mortgage volume trends. States like Arizona, California and North Carolina reported reverse mortgage endorsement growths that far exceeded overall industry volume growth year-to-date.
AAG rolled out a new reverse mortgage ad. American Advisors Group’s recent television ad took a new approach in its reverse mortgage messaging.
Written by Jason Oliva