Court Rules in Favor of Nationstar in Reverse Mortgage Servicing Portfolio Dispute

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. […]

Major Ratings Firm Issues Second-Highest Ranking to Top Reverse Mortgage Lender

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 […]

Longbridge Releases New Mobile App for Loan Servicing

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 Bolsters Training Efforts With Hultquist Hire

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 […]