Longbridge Introduces Proprietary Reverse Mortgage with Line of Credit

Mahwah, N.J.-based Longbridge Financial is introducing a new proprietary reverse mortgage product to its existing “Platinum” branded product line, constituting a proprietary reverse mortgage that comes with a line of credit (LOC) feature. This new Platinum LOC loan allows qualified borrowers aged 62 and older to access an open-ended line of credit that grows at […]

FAR Expands Proprietary HomeSafe Loan to Massachusetts

Finance of America Reverse (FAR), the third largest reverse mortgage lender by volume, has expanded the availability of its proprietary reverse mortgage product “HomeSafe Standard” to the state of Massachusetts, according to a company statement to RMD. “Up until now, the 62+ Massachusetts homeowner was unable to take full advantage of their equity in neighborhoods […]

Tech Startup Brings Mobile Notary Scheduling to Reverse Mortgage Market

A new technology startup has launched a mobile notary scheduling platform that is aimed to provide reverse mortgage companies with additional oversight and control during the loan closing process. Phoenix, Ariz.-based Notaroo looks to combine its own technology with up-to-date mortgage lending practices and professional mobile notaries in an effort to streamline HECM loan closings […]

Hometap CEO: Reverse Mortgages, Alternative Products Can Coexist

Over the past couple of years, an abundance of new, alternative home equity tapping tools have been introduced into the financial services marketplace. While some see these as potential competition with reverse mortgage lenders, others don’t see these kinds of offerings in a competitive light. One company with an equity appreciation investment offering sees a […]

Baseline Reverse Acquired by Real Estate Tech Firm SitusAMC

Reverse mortgage pricing and analytics company Baseline Reverse has been acquired by real estate consulting and technology firm SitusAMC, which made the acquisition to build upon its position in the analytics and valuation of mortgage servicing right (MSR) assets. Terms of the deal were not disclosed. Baseline’s service offering will join SitusAMC’s Analytics, Pricing, and […]

ReverseVision Launches New Strategy, Major Brand Refresh

Reverse mortgage technology platform ReverseVision announced Wednesday it is launching several major platform updates as part of a brand transformation and refresh that will expand product offerings and will position the company as a comprehensive service for mortgage industry players. The San Diego-based company, which has long served the reverse mortgage industry with its loan […]

Why New Forward Mortgages Present Unique Problems for Seniors

Despite some prospective borrowers resisting the initial mention of a reverse mortgage and seeking instead to get a new forward loan, being able to position the reverse relative to the forward can be a valid selling point for originators. For those seniors who have an aversion to a reverse mortgage, employing a new forward mortgage […]

Retirement Expert: Proprietary Products Key to Greater Reverse Mortgage Acceptance

The reverse mortgage industry continues to face headwinds in terms of widespread acceptance among financial planning professionals, but the growing prevalence of proprietary products and a growing base of both affluent and middle-income borrowers will go a long way in signaling how viable the products can be as tools for financial planning. “Most of the […]

Kiplinger: Reverse Mortgages Can Provide Retirement ‘Safety Net’

A reverse mortgage can be a viable financial product for seniors looking to protect their retirement assets from a volatile influencer like the stock market, while also reducing the risk of a retiree exhausting all of their financial resources in retirement. This is according to an article on funding longevity recently published in Kiplinger. “Reverse […]