While reverse mortgage endorsements sharply declined in August, HMBS issuance remains high and could be on track to break another full-year record.
Longbridge Financial
Jack Guttentag examines over 20 reverse mortgage lender websites in a new column, finding only 6 lenders allow a borrower to comparison shop without identifying themselves prior to choosing a lender.
As public companies in the forward mortgage business report a lot of reduced earnings, public companies with reverse mortgage segments are touting those divisions’ solid performance, as noted by RMD’s editor in this new commentary.
An investment firm with a stake in a major reverse mortgage lender discusses how the business has performed over the past year, as indicated by the lender’s impact on revenue.
Breaking out retail and wholesale reverse mortgage endorsement volume from May 2021, it’s clear that the retail side was dominant in a new data release from Reverse Market Insight (RMI).
Longbridge Financial has introduced two new key features to its online servicing platform across a web portal and mobile app, including signature-less draws and online occupancy certifications.
The reverse mortgage industry’s trade association has announced efforts to increase diversity, equity and inclusion efforts in the reverse mortgage business and its customer base through broad conversations and a new association committee.
An investment firm with a stake in a leading reverse mortgage lender has again touted its presence in the space, touting the lender’s growth as a positive contributor to its diversified portfolio.
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.
Both the wholesale and retail segments of the reverse mortgage business saw increases in January 2021, though the way was led by wholesale according to data from Reverse Market Insight.
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