Like California, Texas Primed for Private Reverse Mortgage Growth

High home values, a rapidly expanding aging population, and favorable legislation make Texas ideal for a wave of proprietary reverse mortgages, several industry experts say. During the last year, the Home Equity Conversion Mortgage program’s lower principal limit factors have resulted in fewer qualified borrowers and waning origination volume. But the changes also sparked innovation […]

Reverse Mortgage Originators Tackle Ways to Improve Servicing

Reverse mortgage lenders and originators have made great strides in improving the product’s image over the last decade. But once the borrower signs the loan documents, his or her fate — and the loan’s reputation — is fully in the hands of the servicer. Although all lenders interviewed for this article expressed satisfaction with the […]

How the ‘New’ Reverse Mortgage Stacks Up Against HELOCs

The Department of Housing and Urban Development’s latest changes to the reverse mortgage program have given rise to yet another “new” reverse mortgage — one with lower interest rates and ongoing insurance premiums that enable borrowers to preserve more of the equity in their homes. Some originators say the revised program amounts to a better […]

Reverse Mortgage Originators Expect to Work Harder, Make Less in ’18

New reverse mortgage rules that reduce principal limits have originators anticipating a decline in profits. Many expect that fewer consumers will qualify for the loans — and for the loans they do close, they expect to make less money per loan than before. Some say they plan to work harder in the coming year, generating […]

Open Mortgage Ramps Up Wholesale Channel for Forward, Reverse

Back in 2015, when Open Mortgage first entered the wholesale reverse-mortgage marketplace, the Austin, Texas-based firm was mostly just doing a favor for one of its former employees. It all started when an employee-turned-broker provided a lead on an interested borrower, Open Mortgage president and CEO Scott Gordon told RMD. But Gordon said he wasn’t […]

ReverseVision Hires Dan Hultquist as Director of Learning and Development

Reverse mortgage technology provider ReverseVision this week announced the hiring of industry veteran and educator Dan Hutquist as Director of Learning and Development. In this role, Hultquist will apply his experience in originating loans and working with retirement advisors to help ReverseVision bring a range of products, financial tools and educational techniques to the industry. […]

This Independence Day, Take Advantage of These Reverse Mortgage Jobs

As we near the long holiday weekend, take a peek at what’s happening on the reverse mortgage job front. If you’re a reverse mortgage professional currently on the job hunt, take advantage of the numerous opportunities available today. In this week’s RMD jobs listing, positions for underwriters, loan processors, loan officers, and loan originators are […]

Take Advantage of These New Reverse Mortgage Job Opportunities

Many reverse mortgage lenders are now hiring skilled professionals to fill a number of available positions for underwriters, loan officers and more. In this week’s listing, companies like Finance of America Reverse, The Federal Savings Bank and Liberty Home Equity Solutions are just some of the lenders who are seeking out new talent as the […]

Reverse Mortgage Jobs for Sales Managers, LOs and More — Apply Today

A number of reverse mortgage companies are seeking fresh, new talent to fill a variety of positions for loan officers, sales managers, loan processors and more. In this week’s listing, companies who are looking to fill positions include On Q Financial, Inc., Professional Mortgage Alliance, M&T Bank, The Federal Savings Bank, Reverse Inc., Liberty […]