HW Media connects and informs decision makers across the housing economy. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. Moving the Housing Market Forward.
Generation MortgageNewsReverse Mortgage

Generation Sees Growth, Plans To Expand Retail Reverse Mortgage Business

image Just weeks after becoming the sixth largest reverse mortgage lender in America, Generation Mortgage plans to hire high-producing reverse mortgage professionals from across the country said a company statement

“Despite the economic downturn, Generation Mortgage has experienced dramatic growth during the first quarter of 2009. We’re seeking successful, experienced producers with proven results to add to our team,” said Joe Morris, chief executive officer, Generation Mortgage. “Making sure we’re consistently working with our clients’ best interests at heart is central to our continued success.”

The Atlanta, GA based company has a retail and wholesale division, with wholesale representing about 60% of its production according to data from RM Insight.  The company closed 1,405 Home Equity Conversion Mortgages (HECM) in the first quarter of 2009 said the statement.  

“We’re fortunate to be in a position to recruit some of the strongest and most well-respected reverse mortgage professionals in the country who appreciate our streamlined systems and ability to quickly process their loans,” added Rich Young, EVP, Generation Mortgage.