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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.

RMF Newsroom, Consumer Direct, Distributed Retail, Partners

How Does a Reverse Mortgage Work?

By definition, a reverse mortgage loan — also known as a home equity conversion mortgage — allows you to borrow against the equity you’ve built up in your home if you’re age 62 or older. Insured by the Federal Housing Administration, an HECM loan provides funds to help pay for the things you need or want — while you continue to live in and retain ownership of your home. Learn more to find out whether reverse mortgages are a good deal for seniors.

RMF Newsroom, Consumer Direct, Distributed Retail, Partners

Webcast Recording: Using a Reverse Mortgage to Buy a Home

REALTOR® Magazine recently hosted a live webcast about how reverse mortgages, also known as home equity conversion mortgages (HECMs), can be used to help seniors finance the purchase of a home in addition to their traditional purpose of enabling people to borrow against the equity in a property where they already live. The program took place on Feb. 22, 2017.

Panelists included Scott Trembley, CEO of The Trembley Group, a real estate firm in Myrtle Beach, S.C., that handles home purchases with HECMs; and Frank McInerney, a loan specialist with Reverse Mortgage Funding in Bloomfield, N.J. Jon Boughtin of NAR Communications hosted the program.

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