Big Retail, Wholesale Gains Fuel Reverse Mortgage Volume for These Lenders

Reverse mortgage volume saw its biggest monthly increase in August when endorsements jumped 24%, a growth driven by similarly big gains in both the industry’s retail and wholesale origination channels. Home Equity Conversion Mortgage (HECM) endorsements totaled 4,378 units in August, comprising 2,440 retail loans and 1,938 loans on the wholesale side, according to the […]

BNY Mellon to Shutter Reverse Mortgage Operations

After two years in the reverse mortgage business, Bank of New York Mellon is calling it quits and plans to fully liquidate its holdings in the sector by the end of this month, the company told RMD this week. The decision to terminate reverse mortgage operations stems from BNY Mellon’s desire to put greater focus […]

Reverse Mortgage Jobs at RMF, AAG & More—Apply Today

Reverse mortgage lenders continue setting their sights on growth through new hires as more job opportunities for industry professionals come online. In this week’s RMD Jobs listing, lenders such as Reverse Mortgage Funding, American Advisors Group and Open Mortgage are all seeking qualified loan officers to join their teams. Meanwhile, others including Home Point Financial, […]

Lenders Look to Build on February Volume Gains—Jobs Available

February showed big gains in reverse mortgage endorsement volume and as we head into March, some of the nation’s top reverse lenders are looking to build on that momentum. American Advisors Group, Open Mortgage, Home Point Financial, Nationwide Equities and Longbridge Financial are now hiring skilled reverse mortgage professionals across a variety of expertise.  This […]