Retail Volume Slumps, Hits Brakes on Reverse Mortgage Momentum

Reverse mortgage volume didn’t so much kick-off 2016 as it sluggishly rolled into the new year with some disappointing numbers, particularly from the retail origination side, according to recent industry data. Overall Home Equity Conversion Mortgage (HECM) endorsements fell 8% in January 2016 from the previous month—a decline propelled by a 12.9% plummet in retail […]

The Top Reverse Mortgage Lenders for Retail, Wholesale Growth in 2015

Reverse mortgage wholesale volume bounced back to end 2015 on a positive note. But although total endorsement counts were less than what some industry leaders expected, 2015 was a big growth year for several reverse mortgage lenders on both the wholesale and retail sides. Overall, Home Equity Conversion Mortgage (HECM) endorsements totaled 56,363 units in […]

Live Well Expands Wholesale Team, Adds Gina Monopoli

Top-10 reverse mortgage lender Live Well Financial continues to expand its wholesale footprint with the addition of industry veteran Gina Monopoli. With over 25 years of mortgage industry experience, Monopoli has spent the last decade focusing on reverse mortgages, most notably as a wholesale account executive with Genworth/Liberty Home Equity Solutions, where she established herself […]

Biggest Opportunities for Reverse Mortgage Lenders in 2016

A new year brings new opportunities. And for the reverse mortgage industry, 2016 could be one of the most promising years yet. The reverse mortgage industry turned a critical corner in 2015. HECM program changes like the Financial Assessment and updates to the non-borrowing spouse policy ushered in a new era for the reverse mortgage […]

Few Reverse Mortgage Lenders Bounced Back From Rough September

After a roughly 26% nosedive in September, wholesale reverse mortgage, while it continued its downward trajectory, declined at a much smaller rate in October, according to recent industry data. Even as the industry saw a 7% decline in total endorsements for October, some lenders were able to bounce back from a tough September. Total Home […]

Reverse Mortgage Volume Still Beats Expectations Despite November Dip

Endorsements for Home Equity Conversion Mortgages (HECMs) continued their downward trajectory in November, however, volume remains slightly above past expectations, at least for now. HECM endorsements dropped 7.1% in November to 4,023 units, defying predictions that volume would dip below 4,000 units per month as a result of the Financial Assessment, according to the latest […]

Reverse Mortgage Wholesale Volume Takes Nosedive in September

The reverse mortgage industry experienced a steep decline in Home Equity Conversion Mortgage (HECM) endorsements in September. But while only a couple lenders were able to report gains during the month, volume saw the biggest dive in the wholesale channel, according to industry data released last week. As a whole, total HECM endorsement growth fell […]

Live Well Financial Rolls out New Reverse Mortgage TV Ads, Website

Top-10 reverse mortgage lender Live Well Financial is rolling out a website relaunch and a new set of longer-format television ads airing nationwide, the company announced this week. The new commercials, which are airing in select markets, feature reverse mortgage testimonials rather than a reverse mortgage spokesperson as some other national advertisers have opted to […]

Hiring Efforts Heat Up in Reverse Mortgage Industry — Jobs Available Now

As the summer weather starts heating up, so too does reverse mortgage lenders’ search for top talent.   Among those who are turning up the heat on their hiring efforts are Reverse Mortgage Funding (RMF), Live Well Financial and Urban Financial of America. From wholesale account executives to loan processors and underwriters, job opportunities abound. Click […]

Lenders Now Hiring Reverse Mortgage Professionals — Apply Today

Reverse mortgage lenders nationwide are continuing their search for top talent. From wholesale account executives to loan processors and underwriters, job opportunities abound.  First Bank, Live Well Financial and Reverse Mortgage Funding are among the lenders actively recruiting for industry professionals to join their teams.  Click the following opportunities that are now open to find out […]