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REO News

RMF President David Peskin: Proprietary Represents Biggest Industry Opportunity

Reverse Mortgage Funding (RMF) is one of the nation’s largest reverse lenders, standing as a top 5 company based on Reverse Market Insight’s list of the industry’s top lenders by volume and is a pioneer in the proprietary product market. Since he first entered the reverse mortgage space from the forward origination side, RMF President […]

The post RMF President David Peskin: Proprietary Represents Biggest Industry Opportunity appeared first on Reverse Mortgage Daily.


Reverse Mortgage Professionals Talk Modern Sales Challenges

A reduced number of qualifying borrowers, adjusting to Home Equity Conversion Mortgage (HECM) program changes and overcoming objections: these are just some of the challenges in the current sales climate discussed by experienced reverse mortgage professionals in a roundtable discussion, which took place at the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in […]

The post Reverse Mortgage Professionals Talk Modern Sales Challenges appeared first on Reverse Mortgage Daily.


Blue Ridge Bank Partners With ReverseVision on Reverse Mortgage Division Launch

Through a partnership with ReverseVision, Blue Ridge Bank announced this week the launch of its reverse mortgage division. Blue Ridge has extensive experience operating in the forward mortgage space, having closed more than $25 billion dollars in forward residential home loans. The partnership aims to expand the number of financial planning options offered to the […]

The post Blue Ridge Bank Partners With ReverseVision on Reverse Mortgage Division Launch appeared first on Reverse Mortgage Daily.


FHA Commissioner: HECM Program Health is Encouraging

The Home Equity Conversion Mortgage (HECM) program remains a source of concern for the Federal Housing Administration (FHA), but recent corrective action taken to improve its standing within the Mutual Mortgage Insurance (MMI) Fund is showing progress. This is according to remarks made by FHA Commissioner and Acting Deputy Secretary of the Department of Housing […]

The post FHA Commissioner: HECM Program Health is Encouraging appeared first on Reverse Mortgage Daily.


RMF Updates Equity Elite Product to Include Term Payment Option

Reverse Mortgage Funding announced Monday that it is rolling out updates to its Equity Elite proprietary reverse mortgage, now to include both lump sum and term disbursement options for borrowers under a fixed rate. The product expansion, which allows borrowers to choose any number of term payments from 24 to 120 months, follows a series […]

The post RMF Updates Equity Elite Product to Include Term Payment Option appeared first on Reverse Mortgage Daily.


The RMD Podcast #1: Interview with RMF President David Peskin

Welcome to The RMD Podcast! Our very first episode is now available!  Reverse Mortgage Funding (RMF) is one of the nation’s largest reverse lenders, standing as a top 5 company based on Reverse Market Insight’s list of the industry’s top lenders by volume and is a pioneer in the proprietary product market. RMF President David […]

The post The RMD Podcast #1: Interview with RMF President David Peskin appeared first on Reverse Mortgage Daily.


Celink to Appoint Sivori as Chairman and CEO

Lansing, Mich.-based reverse mortgage subservicer Celink has announced plans to appoint Robert Sivori as the company’s new chairman and Chief Executive Officer (CEO). Sivori will succeed Jason McNamara, who will serve on the board of Celink’s new parent company. Sivori, an industry veteran with more than 25 years of experience in the forward and reverse […]

The post Celink to Appoint Sivori as Chairman and CEO appeared first on Reverse Mortgage Daily.


Longbridge Launches Servicing Website for Reverse Mortgage Borrowers

To ease the reverse mortgage experience for the company’s borrowers and originators, Longbridge Financial is launching a consumer-facing servicing website for its customers. Through the new platform, which will be rolled out in stages and will first be available to new customers starting June 3, borrowers will be able to access their loan information via […]

The post Longbridge Launches Servicing Website for Reverse Mortgage Borrowers appeared first on Reverse Mortgage Daily.


New ReverseVision Calculator Works to Normalize Reverse Mortgages

Through the launch of a new loan comparison tool announced this week, reverse mortgage software provider ReverseVision is taking aim at the way originators and borrowers view reverse mortgages in the current lending environment. A departure from traditional reverse mortgage calculators that take a sole focus on reverse mortgage product options, the calculator redefines the […]

The post New ReverseVision Calculator Works to Normalize Reverse Mortgages appeared first on Reverse Mortgage Daily.


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 […]

The post Open Mortgage Acquisition to Allow for Reverse Expansion appeared first on Reverse Mortgage Daily.