HECMWorld.com

Landmark Reverse Loan Services is expanding their operations and their hours. Starting January 1st, Landmark Reverse will be fully staffed and operational from 6:00am PST to 7:00pm PST to ensure the entire nation properly serviced during normal business hours. In addition, Landmark Reverse is excited to introduce their Regional Solution which will allow smaller lenders [...]

The National Reverse Mortgage Lenders Association is in the final stages of “publicly naming” an overly aggressive third-party lead generation company which has consistently violated the group’s ethics and standards policies. A public naming is the last of six different sanctions that NRMLA can place against its members. The company, which still has the opportunity [...]

November 19, 1:42 PMMortgage ExaminerMichael Richardson

Once booming, Home Equity Conversion Mortgages have begun a slowdown that could continue until home prices stabilize.
In the fiscal year that just ended, mortgage lenders funded 114,692 reverse mortgages under the FHA’s HECM program, a phenomenal growth rate of 1,336% over 10 years. Five years ago just 43,000 of reverse [...]

Landmark Reverse is the first in the nation to offer two HVCC/FHA Appraisal Solutions. The Regional Solution is designed for smaller lenders. The Regional Solution allows local mortgage brokers to submit their approved appraisers to their database for verification and quality control. Once the local appraisers passes quality control, they create a personalized approved appraiser [...]