Reverse Mortgage Lenders Enter ‘New Era’ for Volume Post-Financial Assessment

August was the last—and highest—month for Home Equity Conversion Mortgage (HECM) endorsements in 2015 before the reverse mortgage industry felt the real impact of the Financial Assessment on volume. And on the wholesale side, the pre-FA volume ride translated into some huge growth for the channel, according to the latest industry data tracked by Reverse […]

October Kicks-Off with Strong Reverse Mortgage Job Demand—Apply Today

October marks the start of the fourth quarter and as we enter the final stretch for 2015, reverse mortgage job opportunities show little signs of  slowing down. Reverse Mortgage Funding, Urban Financial of America, Nationwide Equities and Hunting Beach Capital Partners are just a few lenders seeking qualified reverse mortgage professionals to sill a variety […]

Friday Round-Up: Reverse Mortgage Market Index Hits Record-High

In case you missed it, here’s what happened in reverse mortgage news this week: Reverse Mortgage Line of Credit is ‘Best Bet’ for Retirement Planning—As the reverse mortgage industry continues to grapple with the “loan of last resort” reputation, the line of credit feature may be the product’s best bet in becoming a serious retirement […]

The Federal Savings Bank Eyes Reverse Mortgage Growth with New Loan Office

With the opening of a new loan production office in Central Florida, The Federal Savings Bank plans to expand its product offerings, including reverse mortgages, throughout the state. Last week, Chicago-based The Federal Savings Bank announced the opening of its newest loan production office (LPO) in Celebration, Fla., marking eight new LPOs for the federally […]

As Summer Ends, Reverse Mortgage Jobs in High Demand—Apply Today

The Autumnal Equinox this Wednesday officially marked the end of summer and the very first day of fall. But even as the seasons change, one thing remains constant: lenders’ ongoing need for reverse mortgage professionals to help grow their teams as the final months of 2015 draw near. This week’s listing includes a variety of […]

July’s Biggest Wholesale Reverse Mortgage Winners

Growth in the wholesale reverse mortgage channel continued for the second consecutive month in July, contributing to sizeable gains for some of the industry’s top lenders. On an industry-wide basis, total Home Equity Conversion Mortgage (HECM) endorsements fell 5.1% in July to 5,025 loans, dragged down by a 9.3% decline in the retail channel, according […]

Wholesale Reverse Mortgage ‘Surge’ Slows in July, Retail Drops 9%

After experiencing a surging wholesale growth in June, endorsements for Home Equity Conversion Mortgages (HECMs) posted only a moderate increase in the channel for July, according to recent reverse mortgage industry data. HECM endorsements overall fell 5.1% in July, but the channel was split more so than usual, notes Reverse Market Insight (RMI) in its […]

Friday Round-Up: AAG’s New Jumbo Reverse Mortgage, ‘Kitchen Table’ Lending

In case you missed it, here’s what happened in reverse mortgage news this week: AAG Launches New Jumbo Reverse Mortgage Product—This past week, American Advisors Group (AAG) rolled out its first proprietary jumbo reverse mortgage loan. The product, dubbed AAG Advantage, will allow qualified borrowers the opportunity to borrow up to $3 million in loan […]

Reverse Mortgage Originators in High Demand—Jobs Available

As reverse mortgage lenders look to bounce back from the extended Labor Day weekend, they are continuing to seek qualified talent to join their teams.  Reverse mortgage originators, underwriters and loan processors take center stage as the most sought after positions in this week’s jobs listings. But that’s not to say those are the only […]

Friday Round-Up: Reverse Mortgage Originator Tips, Volume Data Trends

In case you missed it, here’s what happened in reverse mortgage news this week: Three Tips for Working with Today’s Reverse Mortgage Borrower—While there is no tried-and-true approach to converting prospective applicants into reverse mortgage borrowers, there are several practices originators can employ in their ongoing efforts to best serve their senior clients. Analyzing Credit: […]