Rewards Outweigh Challenges in the Post-Financial Assessment World

In recent years, the reverse mortgage program has undergone substantial policy changes as the product has been revamped and fine-tuned to better meet the needs of older Americans. Many of those who have made a living originating HECM loans have weathered the changes, but it hasn’t been without its challenges. For seasoned HECM loan officers, […]

AAG Launches Reverse Mortgage for Purchase Partnership

American Advisors Group recently entered into a partnership with a nationwide real estate firm in an attempt to bolster its presence in the Home Equity Conversion Mortgage for Purchase landscape. The Orange, Calif.-based industry heavyweight became an “approved” reverse mortgage lender for United Real Estate, a nationwide real estate franchise. As part of the arrangement, AAG […]

Friday Round-Up: Reverse Mortgage Fears, H4P Success at RFS

In a week that saw storm clouds gathering over the Department of Housing and Urban Development’s budget and new HUD Secretary Ben Carson generating controversy that had nothing to do with housing, RMD’s readers focused on a Q&A from researchers who say older Americans are still afraid of tapping into their home equity, a look at […]

RFS Shares Blueprint for HECM for Purchase Success

Lenders face a wide variety of obstacles when attempting to market Home Equity Conversion Mortgage for Purchase loans, from continued confusion among borrowers and real-estate professionals to HUD rules that require buyers to have Certificates of Occupancy in hand before they can even apply for the loan. But the team at Retirement Funding Solutions has managed […]

Slumping Retail Production Drags Down Reverse Mortgage Volume

Reverse mortgage volume sunk deeper into its decline in April, following a 1% drop in total endorsement volume from the previous month. Except this time around, the monthly decrease was driven by a reduction in retail reverse mortgage production, recent industry data indicates. Home Equity Conversion Mortgage (HECM) endorsements fell to 4,240 loans in April, […]

Retirement Funding Solutions Hires Hatfield to Operations Team

Reverse mortgage newcomer Retirement Funding Solutions is boosting its operations team with the hire of Lisa Hatfield, an industry veteran who has most recently worked as a consultant for New Zealand Bank, and previously led retail development for Security 1 Lending. RFS, which launched earlier this year under the leadership of former S1L president and […]

MLK Day Round-Up: New Reverse Mortgage Lender Gets Under Way

In case you missed it… here’s what happened in reverse mortgage news this week. RMD will be observing the Martin Luther King Jr. holiday on Monday, January 19. We will resume our normal news schedule on Tuesday, January 20. Have a great weekend! Former Security One Exec Launches New Reverse Mortgage Company—Former Security One Lending […]

Reverse Mortgage Newcomer RFS Hires Behnke, Entrekin to Executive Team

On the heels of announcing its entry into the reverse mortgage business this week, newcomer Retirement Funding Solutions, spearheaded by former Security One exec Torrey Larsen, has announced two new hires to its leadership team.  RFS, a division of Synergy One Lending, has hired David Entrekin and Rhiannon Behnke as Chief Operating Officer and Managing […]

Former Security One Exec Launches New Reverse Mortgage Company

A former executive of Security One Lending is leading a new company into the reverse mortgage industry, the company announced this week. Retirement Funding Solutions, a division of Synergy One Lending, has entered the reverse business and is targeting expansion. The company is being led by Torrey Larsen, who formerly led Security One’s retail lending […]