Reverse Lenders Say Time is Now for New Proprietary Products

As lenders prepare for the “new” reverse mortgage landscape including marketing a product with more rules and requirements than ever before, the market for non-agency reverse mortgages is beginning to take shape. With a temporary extension of higher loan limits set by the Federal Housing Administration, the opportunity for a proprietary reverse mortgage has existed […]

Reverse Mortgage Growth Hasn’t Even Scratched the Surface

Despite years of program changes and new financial assessment underwriting guidelines coming in 2014, the reverse mortgage industry is confident the number of seniors using the loans will continue to rise. But before the industry starts to see the growth, it will likely face some growing pains. “There is no denying the next six months […]

Generation Reverse Mortgage Tech Makes Top 3 in TAG Awards

National reverse mortgage lender Generation Mortgage Company is receiving recognition as a finalist for a Georgia-based technology award through the entry of its nu62 reverse mortgage application. The 2013 Excalibur Awards, presented by the Technology Association of Georgia, name Generation one of three finalists in the program, with entrants World Financial Group and Mercedes-Benz of […]

Generation Targets Texas Reverse Mortgage Market with 8 New Hires

In an effort to boost its retail sales presence in Texas, Generation Mortgage Company has hired Branch Manager Forrest Lowry and seven reverse mortgage loan officers based across several metro areas.  The company has targeted Texas as a growth area for it retail operations.  “Because Texas is the second-largest market for conversion mortgages in the […]

Generation Grows Retail Sales with Three New Branch Hires

Generation Mortgage Company today announced three new additions to its reverse mortgage retail branches in the company’s Eastern and Pacific regions. Lance Canada, Greg McDermott and Jim Becker have joined the company’s sales team as retail branch managers, with Canada and McDermott overseeing loan offices in the company’s eastern region and Becker focused on leading […]

Generation Mortgage Wins Local Business Awards

Top-ten reverse mortgage lender Generation Mortgage Company has won two 2013 Torch Awards from the Better Business Bureau Serving Metro Atlanta, Athens, & Northeast Georgia.  The Georgia-headquartered reverse mortgage provider was competing for the awards against other Atlanta-based companies with 100-499 employees and won in the categories of Marketplace Ethics and Community Service. Generation was […]

Generation Mortgage Hires Diane Coats to Leadership Team

National reverse mortgage lender Generation Mortgage is ramping up its management team through the new hire of former Wells Fargo reverse mortgage exec Diane Coats.  Coats will serve as Senior Operational Oversight Specialist, a role in which she will draw on 35 years of mortgage experience including 22 years in the reverse mortgage business.  “Diane […]

Generation Mortgage Settles Allegation With Georgia Banking Regulator

The Georgia Department of Banking and Finance this week entered into a consent order with reverse mortgage lender Generation Mortgage to resolve allegations regarding violations of the state’s Residential Mortgage Act. The basis for the consent order was an outside entity’s alleged failure to be properly licensed. The Georgia regulator accepted that Generation did not […]

Generation Mortgage Names Sievers as New CFO

Reverse mortgage lender Generation Mortgage today named Sean Sievers as company Chief Financial Officer. With more than 20 years of experience in financial services, Sievers most recently served as senior vice president of SunTrust Bank where he led the company’s legacy risk management.  “The management team is excited to have a results-oriented leader supervise the […]