The Closure of Live Well Financial: The Story So Far

Once one of the top 10 reverse mortgage lenders by volume, the closure of Live Well Financial was as swift as it was unexpected. While the dust has yet to completely settle on this story, numerous legal proceedings extending out of the closure and ongoing investigations by financial regulators and federal law enforcement have further […]

Open Mortgage CEO Talks Plans for Recent Expansion, New Volume

In addition to making a recent major acquisition and by adding several former executives from the recently-shuttered Live Well Financial, Austin, Texas-based Open Mortgage is a company on the move. Because of the actions it has taken concerning the expansion of both its forward and reverse mortgage business arms, questions about exactly what it intends […]

[Updated] Open Mortgage Hires 50 From Former Live Well Team

Multi-channel lender Open Mortgage announced Thursday that it has hired the core team of mortgage lending executives from the recently-closed Live Well Financial, including its former EVP Bruce Barnes, SVP of Operations Jim Cory and SVP of Wholesale and Correspondent Lending Joshua Moran. Additionally, Open Mortgage also hired approximately 50 former Live Well sales and […]

Open Mortgage Acquisition to Allow for Reverse Expansion

Multi-channel lender Open Mortgage announced this week that it has acquired Premier Home Mortgage, a lender specializing in financing homes in rural areas of the United States. The acquisition is expected to add $300 million in loan value to Open Mortgage, while also adding offices in the states of Iowa, Montana, South Dakota and Wyoming […]