Friday Round-Up: Reverse Mortgage Research Reveals New Surprises

In case you missed it, here’s what happened in reverse mortgage news this week: Reverse Mortgage Default Research Nets Some Surprises—Findings from a recent report on reverse mortgage borrower characteristics revealed several surprises, one of which was a credit limit’s effectiveness in limiting defaults by as much as 37%. Walter Sees Short-Term Challenge, Long-Term Profit […]

Generation Mortgage Reorganizes Sales Operations, Staffing

Generation Mortgage Company has reorganized its sales department leadership with two promotions and an addition to its wholesale team, the company announced Friday.  Matthew Gregory has been promoted to vice president of retail sales and will be responsible for managing the company’s retail sales activities, including those of its area managers, local loan officers and […]

Generation Continues Expansion West with 6 New Reverse Mortgage Hires

Generation Mortgage Company announced Thursday the addition of six new reverse mortgage professionals to its Pacific region operations. Ben Murray has joined Generation’s Arizona sales team and will report directly to Area Manager Charles Byler. John Martin will handle the Atlanta, Ga.-based company’s Oregon region while Blake Pavlich will cover Washington state. Both will report […]

Generation Mortgage Expands Retail Presence with New Hires

On the heels of announcing Generation Mortgage is building its West Coast sales team, the company said Wednesday it has also hired three new retail sales team members in the central region of the United States. Generation has hired Gail Hawkins as Missouri area manager, Bill Niehaus in Colorado and Peggy Stout in Utah. Each […]

Generation Ramps Up West Coast Sales With New Retail Hires

Generation Mortgage Company is increasing its West Coast presence with the addition of two new pacific region sales team members. The company has announced the hires of Evan White and Charles Byler, who will be responsible for leading sales in California and Arizona, respectively. Both are certified and tasked with running Generation’s new nu62xm software […]

Financial Advisor: Enormous Market for Reverse Mortgages

Reverse mortgages will become an integral part of peoples’ retirement income plans, predicts a lender in a recent Financial Advisor article.  Along with savings, pensions, and Social Security, home equity conversion mortgages (HECMs) will have a role as the fourth leg of the retirement income stool, but financial planners need to be educated on the […]

Generation Mortgage’s Site Refresh Targets Reverse Mortgage Perceptions

Generation Mortgage recently launched a “refreshed” website aimed at shifting consumer perceptions about reverse mortgages and their role in retirement planning, the Atlanta, Ga.-based lender announced. The redesign follows Generation’s November 2013 launch of nu62.com, a new website focused on a consumer’s potential reverse mortgage experience and the loan options available to them. “This site […]

Generation Mortgage Grows Sales Team with New Hires

Generation Mortgage Company is expanding its sales team with two new personnel additions to its growing wholesale and retail channels. The company announced Thursday the promotion of Shirlene Nordé to the position of wholesale account executive and the addition of Pacific Regional Manager Sue Winters to the company’s retail sales division.  “At Generation, we are […]

NY Times Addresses Reverse Mortgage Misconception

With reverse mortgages “expected to gain popularity” as the population ages, the New York Times today published an article outlining some of the information borrowers should know before proceeding with the loan. First, the Times combats a widely held misunderstanding about who owns the reverse mortgage borrower’s home. “A common misconception about reverse mortgages is […]

Generation Mortgage Expands Retail Sales Team With New Hires

Top-10 reverse mortgage lender Generation Mortgage Company has expanded its retail sales team with the addition of two new loan officers, Laura Bopp and Sean Reese. Bopp now represents the reverse mortgage lender—ranked sixth in terms of loan volume, according to Reverse Market Insights—in Colorado, while Reese will work out of Iowa.  “At Generation, we […]