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RMF Newsroom, Partners

Reverse Mortgage Funding Announces Launch of the Industry’s First Reverse Mortgage Loan Qualification Engine

Named LQ, this highly intelligent, easy-to-use tool – which is exclusively within the Tango Reverse™ loan origination system – gives brokers the power to instantly do a preliminary assessment of a customer’s eligibility to qualify for the reverse mortgage they have in mind

BLOOMFIELD, N.J. – July 17, 2017 – Reverse Mortgage Funding LLC (“RMF”), one of the nation’s leading reverse mortgage lenders, is excited to announce the launch of its revolutionary and powerful loan qualification engine, LQ, which is now available to RMF’s approved broker partners as well as the company’s own loan officers. This cutting-edge technology, which is exclusively within Tango Reverse™, RMF’s proprietary loan origination system, is the first of its kind in the industry. LQ is designed to make it easier for originators to close more loans by providing them with the power to instantly do a preliminary assessment of a customer’s eligibility to qualify for the reverse mortgage they have in mind. It also generates rules and conditions based on the characteristics of each prospective loan scenario, which significantly helps reduce loan cycle times and expedites the leads to applications and the applications to closing.

RMF Newsroom, Partners

REVERSE MORTGAGE FUNDING ANNOUNCES THE LAUNCH OF ITS NEW BROKER PROCESSING SERVICE TO SIMPLIFY LOAN ORIGINATIONS

Company’s seasoned third-party originations team will handle many processing responsibilities, providing brokers with added convenience and availability

BLOOMFIELD, N.J. – May 2, 2017 – Reverse Mortgage Funding LLC (“RMF”), one of the nation’s leading reverse mortgage lenders and 2016’s top issuer of Home Equity Conversion Mortgage-backed securities (HMBS), today announced the launch of its new processing service which dramatically simplifies and reduces the amount of time mortgage brokers spend on reverse mortgage origination. With this new program, brokers have the option of letting RMF’s seasoned operations team handle the majority of loan processing responsibilities, which can help brokers devote more of their time to expanding their business or advancing their education.

RMF Newsroom, Distributed Retail, Partners

Cooperative Credit Union Association Names Reverse Mortgage Funding LLC as an Approved Business Member

MARLBOROUGH, Mass. – April 18, 2017 – The Cooperative Credit Union Association (CCUA) announced today its naming of Reverse Mortgage Funding LLC (RMF), 2016’s top issuer of Home Equity Conversion Mortgage-backed securities (HMBS)1, as an approved CU Connect participant. RMF offers an entire lineup of FHA-insured* Home Equity Conversion Mortgage (HECM) products and services, now available to all CCUA credit union members.

RMF Newsroom, Distributed Retail

Reverse Mortgage Funding Announces Newest Member Of Its Distributed Retail Team

Reverse and forward mortgage expert Geoffrey Wallace strengthens RMF’s west coast presence

BLOOMFIELD, N.J. – March 31, 2017 – Reverse Mortgage Funding LLC (“RMF”), one of the nation’s leading reverse mortgage lenders, is pleased to announce that Geoffrey Wallace, a seasoned mortgage professional with over 16 years of industry experience, has joined its Distributed Retail team as Western Regional Manager. Mr. Wallace, who has held reverse mortgage positions with leading financial institutions Citibank and Bank of America among others, is based in Sacramento, California and reports to Richard Thorpe, National Sales Leader Distributed Retail. Among his primary responsibilities will be recruiting top industry talent to RMF and building out its sales force on the west coast.

RMF Newsroom, Consumer Direct, Distributed Retail, Partners

National Council on Aging Research Highlights Need for Greater Awareness of Home Equity Products among Older Homeowners and Financial Advisors

Overview presented at American Bankers Association Real Estate Lending Conference this week

ARLINGTON, V.A. & BLOOMFIELD, N.J. — (BUSINESS WIRE) — Older homeowners have considerable financial worries, but most do not see tapping their home equity as a strategy for creating greater retirement security, according to the results of new research released today by the National Council on Aging (NCOA) through its subsidiary NCOA Services LLC.

Jay Greenberg, ScD, CEO of NCOA Services, and Michael Mooney, sales leader of the Financial Institutions Group at Reverse Mortgage Funding LLC (RMF), which funded the research through a grant to NCOA, will present an overview of the findings at the American Bankers Association Real Estate Lending Conference in Orlando, FL, this week.

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