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 […]

Proficio ‘Doubling Down’ on Reverse Mortgage Growth With New Hires

Proficio Mortgage Ventures, which ranks No. 7 nationwide for reverse mortgage volume, is expanding its reverse retail division with the addition of six new team members. In doing so, the lender is “doubling down” on its commitment to grow market share. “We’re looking to ramp up [reverse mortgage lending] moving into the middle part of […]

Most Top-10 Lenders See Reverse Mortgage Slump Near Year’s End

Following notable home equity conversion mortgage (HECM) endorsement growth in October 2014, nine out of the top-10 reverse mortgage lenders experienced a decline in volume in November, according to the latest Reverse Market Insight (RMI) report.  “The industry was down overall in the month, so it makes sense that many lenders would be down as well,” […]

Lenders Seek Reverse Mortgage Professionals Nationwide — Apply Today

The reverse mortgage industry is experiencing a surge in position openings, with lenders nationwide looking for talented professionals to fill their spots. The Money Store, Reverse Mortgage Funding LLC, Premier Reverse Closings and VanDyk Mortgage San Antonio, among others, are seeking reverse mortgage loan officers, regional sales managers, business development representatives, reverse mortgage originators and […]

Some HECM Originators See Loan Increases, Despite Overall Drop in Volume

Home equity conversion mortgage (HECM) endorsement volume dropped 20.6% in August, its lowest level since mid-2005, according to the latest data analysis from Reverse Market Insight (RMI).  Wholesale/broker volume dropped 26.3%, significantly more than the 16.2% decline in the retail/direct channel. “August endorsements followed the typical pattern of broker/wholesale being more volatile month to month than […]

Brokers Post Small Uptick in Reverse Mortgage Market Share

While overall home equity conversion mortgage (HECM) endorsements were down -1.7% in July, the broker/wholesale business saw a 1.4% increase, according to the latest data compiled by Reverse Market Insight (RMI).  In contrast, retail endorsement volume decreased by -3.9%.  Over the past several years, retail has done better than wholesale as regulations and costs increased for […]