Tech Startup Brings Mobile Notary Scheduling to Reverse Mortgage Market

A new technology startup has launched a mobile notary scheduling platform that is aimed to provide reverse mortgage companies with additional oversight and control during the loan closing process. Phoenix, Ariz.-based Notaroo looks to combine its own technology with up-to-date mortgage lending practices and professional mobile notaries in an effort to streamline HECM loan closings […]

Marketing Reverse Mortgages to Seniors: ‘Laugh With, Not At Them’

A study conducted earlier this year north of the border reveals some interesting insights concerning how seniors can be effectively marketed to, and much of it comes down to the idea that seniors don’t want to see a narrative in the media that they’re defined by diminished capacity. In order to craft advertisements that more […]

11 States Join Supreme Court Challenge to CFPB’s Core Structure

A coalition of 11 state attorneys general have joined a complaint challenging the core structure of the Consumer Financial Protection Bureau (CFPB), arguing that its leadership structure is unconstitutional. This is according to a brief filed with the United States Supreme Court which was obtained by RMD. The coalition of states – Texas, Arkansas, Indiana, […]

RFS Rebrands, Becomes Mutual of Omaha Mortgage

Retirement Funding Solutions (RFS) – a subsidiary of Mutual of Omaha Insurance-owned Synergy One Lending – will be rebranding under a new company name as Mutual of Omaha Mortgage. This rebranding effort reflects its association with its parent company and an effort on Mutual of Omaha’s part to align its reverse mortgage business more closely […]

Reverse Mortgage Veteran Adrian Prieto Joins Longbridge

Reverse mortgage industry veteran Adrian Prieto has joined Mahwah, N.J.-based Longbridge Financial as its new assistant vice president and wholesale lending sales leader, according to a statement the company shared with RMD. In his new position, Prieto will lead the Longbridge account executive and partner liaison team to focus on wholesale business growth, with a […]

Brookings: How to Enhance Reverse Mortgages With Life Annuities

A possible path toward making reverse mortgages more enticing to both lenders and borrowers could be by enhancing traditional Home Equity Conversion Mortgage (HECM) to increase loan amounts at origination in order to allow the borrower to purchase a life annuity. That annuity can then be used to pay down principal and interest on the […]

Reverse Mortgage Industry Prepares to Convene for NRMLA Annual Meeting

The National Reverse Mortgage Lenders Association (NRMLA) is making the most pressing reverse mortgage insights and information a major theme of its upcoming national conference, bringing reverse mortgage professionals from across the country to discuss a series of contemporary issues facing the industry today. NRMLA’s Annual Meeting, taking place November 18-20 in Nashville, Tenn., features […]

Top 10 Reverse Mortgage Lenders Reshuffle in 2019

While the reverse mortgage industry has seen its share of change, the top-10 lenders by volume has remained relatively unchanged over the last year. Yet the lender rankings within the top 10 have shifted, to present a top-10 in October 2019 that looks different in some ways from the same tabulation a year earlier. RankCompany […]

HUD Promotes Controversial Ginnie Mae Exec

The U.S. Department of Housing and Urban Development (HUD) has promoted Eric Blankenstein to the position of the acting executive vice president at the Government National Mortgage Association (GNMA, or “Ginnie Mae”), according to an internal agency email obtained by Politico. Blankenstein’s current role is in HUD’s Office of General Counsel on Ginnie Mae matters. […]

3 Ways Divorce Impacts Reverse Mortgages

For reverse mortgage originators and counselors, dealing with clients that are either actively going through, or intend to obtain a divorce can offer a unique challenge. While sometimes a reverse mortgage transaction can actually streamline some of the processes of divorce for the couple, having one crop up during a reverse transaction can come with […]