Jumbo Reverse Mortgage Lenders, Who Is Left?

After the announcement that Financial Freedom was suspending their Cash Account program, several RMD readers asked me who was still offering a jumbo reverse mortgage for brokers.  Here is a list of lenders that are still offering the products: Gold Reverse Jumbo – Available in CA, FL, and NV. LLS Equity Plus Advantage – Available […]

Lender Lead Solutions To Become Senior Lending Network

Today Lender Lead Solutions announced it plans to change the company name to Senior Lending Network.  Started in 2004, the Senior Lending Network launched their successful consumer education campaign featuring Robert Wagner and has since educated more than 1 million consumers on the benefits of reverse mortgages. “We believe that Senior Lending Network more appropriately […]

Lender Lead Solutions Adopts NRMLA Code of Ethics

Lender Lead Solutions announced today that it has begun adopting the National Reverse Mortgage Lender Association’s (NRMLA) formal Code of Ethics and Ethics Advisory Opinion 2008-1 and 2008-2 for its members. Together these policies elevate and promote the needs of seniors above all else in discussions about reverse mortgages and clearly define standards for ethical […]

Reverse Mortgage Training Reminder

A quick reminder that Reverse Mortgage Daily and the Senior Lending Network are presenting a free training session on May 22, 2008 at 2:00 (EST). Sign Up Now! The session is part of the SLN’s Senior Independent Living Month which runs from May 15 through June 15. The training will go over tips on how […]

How Much Would You Pay For A Reverse Mortgage Lender?

Reverse mortgage lenders are hot right now. Even with all of the negative press our industry has received over the past few months, companies are still acquiring reverse mortgage lenders. I cant say I’m surprised either… as we all know succeeding in the reverse mortgage business requires a different approach than the forward world and […]

World Alliance Financial Kicks Off Senior Independent Living Month

Today the Senior Lending Network kicks off their Senior Independent Living Month which will run from May 15 through June 15. All mortgage originators affiliated with the Senior Lending Network are joining forces in a series of events to promote social responsibility and ethical treatment of seniors and discuss the positive benefits of reverse mortgages. […]

Need A Jumbo Reverse Mortgage? Make It A Double

As the credit crunch spreads into the proprietary reverse mortgage business, it is beginning to cause issues for both originators and borrowers with dwindling options for these products. Welcome to the land of the Double Application. Many loan originators have begun having to originate two reverse mortgages at the time of application never knowing if […]

Interview With Gagan Sawhney From KBC Bank

Lender Lead Solutions has gone through big changes over the past year and it all started when KBC Bank acquired their parent company Vertical Lend in October of 2007. In January of 2008, Vertical Lend became World Alliance Financial and over the next few months it became evident that KBC was committed to growing LLS […]

Mortgage Technology Magazine Feature Article on Reverse Mortgages

Last week Mortgage Technology published an article titled Braving Uncharted Space: Reverse Mortgages, that discusses a few different companies in the reverse mortgage technology arena. In the article written by Scott Kersnar, Denver-based Mortgage Cadence proclaims itself the leading technology vendor for reverse mortgages by stating that four of the five leading reverse mortgage lenders […]

Lender Lead Solutions University

This week Lender Lead Solutions announced enhancements to LLS University (LLSU), the company’s comprehensive training program designed to give brokers essential knowledge needed for operating a reverse mortgage business. “As the nation’s third largest reverse mortgage lender, Lender Lead Solutions is dedicated to bringing innovative courses and education to the reverse mortgage industry,” said David […]