Mortgage Information Services Joins NRMLA

Mortgage Information Services Joins NRMLA

July 26, 2012
CLEVELAND, OH:

Mortgage Information Services, Inc. (MIS) is proud to announce that it has joined the National Reverse Mortgage Lenders Association (NRMLA) and is attending their Annual Meeting and Expo as a Gold Sponsor, which is being held in San Antonio, Texas October 15th-17th, 2012.
MIS believes that NRMLA is an integral part of the reverse mortgage market and that their guidance is critical to the growth and health of the industry. MIS is honored to be a part of this nationally recognized organization and looks forward to offering its support, not only to NRMLA, but also to the lenders, servicers and borrowers in the reverse mortgage community.

Mortgage Information Services Joins NRMLA

About MIS, Inc.

MIS has been a leading national provider of real estate information to the residential mortgage market since 1990 and offers title insurance, settlement services and valuations to loan originators and servicing companies. From its centralized platform, MIS covers the entire country allowing its clients to work with a single point of contact for each of their orders.

MIS’s commitment to providing superior customer service is unmatched in the industry, ranking MIS high on both regional and national vendor management scorecards.

Moral Hazard?

Moral Hazard? One definition is the lack of incentive to guard against risk because one is protected from the consequences while the risk rests on another party. Is that what we have with reverse mortgage borrowers who have defaulted? Non-payment of taxes and insurance has been an issue. A look at what real estate columnist had to say recently.

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Security One Lending Expands Wholesale Lending Unit

Mike Mooney joins firm with team of top national account executives

San Diego, Calif., July 10, 2012—Security One Lending announced today that it is expanding its Wholesale Lending Unitwith the addition of new leadership and a production team of top account executives. Mike Mooney, formerly with MetLife’s Reverse Mortgage Wholesale business, has joined Security One as Senior Vice President and will lead the firm’s aggressive plans to grow market share in reverse mortgage wholesale lending by 2013.

In addition to Mooney, Kathy Hood, Derek Marks, Mark O’Neil, and John Burich—all previously reverse mortgage account executives at MetLife—have joined Security One’s production team. Each team member brings a respected book of business that will contribute to the existing Wholesale Lending Unit that Security One has built over the past three years.

“This move reinforces Security One’s commitment to top mortgage brokers around the country,” said Torrey Larsen, president and CEO of Security One. “Our combined team of brokers is best in class, offering not only a full suite of products and productivity tools, but also dedication to a hands-on approach with clients that ensures a high level of service.”

Security One has established an east coast site in Bloomfield, N.J. where the expanded production team will operate. The firm accelerated the approval process for brokers previously approved by MetLife in order to provide liquidity to the industry. In addition, brokerswill have access to expanded productivity tools and competitive price levels.

“The distribution of programs to the marketplace through a network of reputable Wholesale Partners is an important component of Security One’s growth plan,” added Larsen. “At the end of the day, we are here to help better the retirement of a growing number of older Americans. To do that, we need to be the best at what we do. The expansion of our Wholesale Lending Unit has positioned us to achieve these goals.”

This expanded business model also complements the Retail Franchise that has been established through Security One’s Consumer Direct and Distributed Retail business channels.

“Security One has created a great reputation in the wholesale space,” said Mooney. “The firm has been an innovator and quick to adapt to changes in today’s reverse mortgage market. Combined with a senior management team that I highly respect and trust, it was an easy decision to join Security One.”
Security One Lending Expands Wholesale Lending

About Security One

Security One operates coast-to-coast, currently lending in 39 states with license applications pending in four additional states. The firm offers a diversified mix of reverse and forward products through a variety of distribution channels, including retail, consumer direct, and wholesale to support its lending efforts. Security One Lending is a FNMA Approved Seller/Servicer based in San Diego, Calif.

For more information on Security One Lending, visit www.s1l.com.