With strategic new hires, Mid America Mortgage has eyed a national expansion in the reverse mortgage space by focusing on turn times and new clients.
Mid America Mortgage
Mid America Mortgage has added reverse mortgage industry veteran Dennis Loxton to serve as its national reverse mortgage sales manager.
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.
New reverse mortgage industry entrant Mid America Mortgage has selected the loan origination system (LOS) created by San Diego-based ReverseVision, ReverseVision Exchange (RVX), to support its introduction of Home Equity Conversion Mortgage (HECM) and proprietary reverse mortgage offerings. As a relatively new player overall but with an experienced reverse mortgage industry participant at the helm, […]
Nashville, Tenn.-based FirstBank has exited the third-party origination (TPO), correspondent, and reverse mortgage businesses, RMD has learned. The reverse mortgage division of FirstBank has now moved to operate within Mid America Mortgage, Inc. based in Addison, Texas, a specialty lender that had previously earned a Home Equity Conversion Mortgage (HECM) underwriting designation by the Federal […]
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