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HECM Choice Now Offers All Payment Plans at Origination

Allows borrowers to access a fixed rate on the initial balance as well as future draws

Melville, N.Y., February 18, 2014 — Reverse Mortgage Funding LLC announced today it has expanded its HECM Choice product, the industry’s first U.S. Department of Housing and Urban Development (HUD)-insured, partial draw, fixed-rate Home Equity Conversion Mortgage (HECM), to make all payment plan options available at origination. Now HECM Choice allows borrowers to select any payment plan at loan origination, and access the full principal limit.

RMF Newsroom, Partners

HECM Choice Now Available to Principal Agents and Brokers

Underwriting begins for Reverse Mortgage Funding’s new partial draw, fixed rate HECM

Melville, N.Y., January 8, 2014 — Reverse Mortgage Funding LLC announced today that HECM Choice — its new partial draw, fixed rate Home Equity Conversion Mortgage (HECM) product — is now available to principal agents and brokers.

RMF Newsroom, Consumer Direct, Distributed Retail, Partners

Reverse Mortgage Funding Names Linda Dellutri to Lead Human Resources

Melville, N.Y., December 10, 2013 — Reverse Mortgage Funding LLC has hired Linda Dellutri to lead human resources. Dellutri will be responsible for the overall function of the human resources department, including talent acquisition, onboarding, benefits, compensation, payroll, employee relations, training, and employee development.

RMF Newsroom, Consumer Direct, Distributed Retail, Partners

Reverse Mortgage Funding Expands Its Operations

Opens Sales and Operations Office in Melville, N.Y. to Complement Its Bloomfield, N.J. Headquarters

Bloomfield, N.J., October 2, 2013 — Reverse Mortgage Funding LLC (RMF) has opened its second office in Melville, N.Y. RMF President David Peskin will lead the office, which opened officially September 13th. Heading the fulfillment team will be Colleen Pirraglia, formerly an underwriting and fulfillment manager in the Reverse Mortgage Division of MetLife. The third party origination sales team will be led by Michael Mooney, also formerly of MetLife’s Home Loan’s Division. Both Pirraglia and Mooney have been with RMF since it opened its doors earlier this year on August 1st.

RMF Newsroom, Partners

Reverse Mortgage Funding Hires Mark O’Neil

Bloomfield, N.J., September 3, 2013 — Reverse Mortgage Funding LLC (RMF) hired Mark S. O’Neil as a regional account manager. O’Neil will focus on signing up new third party (TPO) relationships. O’Neil comes to RMF from Security One Lending, where he was previously a reverse mortgage account executive covering the South East before he became an independent consultant.

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