MortgageReverse

Reverse Mortgage Lender Gets Full Eagle

image44 Guardian First Funding Group announced that it has received approval from HUD to convert to a “Full-Eagle”, or non supervised lender.  The approval allows the company to originate, fund, hold, service, purchase and sell FHA mortgage loans.

“This approval allows us to continue our growth plans and control our own destiny from origination to closing, thus ensuring a very high level of customer satisfaction for the senior demographic”, said Jason Levy CEO.

The New York city based reverse mortgage lender is currently licensed in 12 states and recently opened a new office in Philadelphia.  The company’s volume is up 115% compared to last year and has endorsed 561 HECMs YTD according to data from RM Insight.

If you missed it, be sure to read RMD’s interview with Levy here.

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