PRMI’s Sless Group has expanded to the west coast with a San Diego branch, which will be managed by Christina Harmes Hika formerly of C2 Reverse.
Open Mortgage CEO Scott Gordon sits down with RMD to discuss how his company has more than doubled its total volume in two years, and what plans it has for reverse mortgages in 2021 and beyond.
The trial of former Live Well Financial CEO Michael Hild for an alleged bond fraud scheme is on schedule to begin next month, after being delayed due to COVID-19.
Longbridge Financial has made three new strategic hires in its wholesale division citing its growth in 2020, and is also developing a management training program open to people at all levels of the company.
As FAR’s parent company prepares for an impending IPO, earnings for the reverse mortgage lender looked strong in Q4 and full year 2020.
Reverse mortgage loan originators in different parts of the country report that while business is rising in some areas, others are not benefitting due to the effects of the pandemic when combined with new regulations.
A dispute arising out of a 2015 purchasing agreement where Nationstar Mortgage acquired the reverse mortgage servicing portfolio of former reverse mortgage lender Generation Mortgage has been decided in favor of Nationstar, which has sought indemnification from Generation over certain losses on the purchased servicing portfolio. This is according to court documents obtained by RMD. […]
Global credit rating agency DBRS Morningstar has assigned a “good” ranking to Mahwah, N.J.-based reverse mortgage lender Longbridge Financial, in a move that Longbridge says will help to facilitate the creation of new products and features it can offer borrowers in the months and years to come. This is according to a release this week […]
Mahwah, N.J.-based reverse mortgage lender Longbridge Financial announced today the launch of a new mobile application (or “app”) designed to offer servicing information and interaction to its borrowers. Based on the tools offered by the servicing website the company launched in 2019, the app is available now for Apple devices running iOS from the platform’s […]
Fairway Independent Mortgage Corporation’s reverse mortgage division has hired reverse mortgage educator Dan Hultquist, an industry veteran and author of the informational book Understanding Reverse, as its new national reverse training specialist. Hultquist will be involved in onboarding and educating the approximately 4,000 national loan officers employed by the lender on referring, originating, and marketing […]