Open Mortgage is a multi-channel residential mortgage lender. In addition to offering a suit of traditional mortgage products, the company is also one of the leading reverse mortgage lenders in the country principally offering the FHA-sponsored Home Equity Conversion Mortgage (HECM).

Founded in 2003, Open Mortgage is based in Austin, Texas.

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Latest Open Mortgage News

Open Mortgage closes distributed retail channel, will focus on TPO 

Aug 12, 2024By Flávia Furlan Nunes

On Friday, Open Mortgage shut down its distributed retail channel and laid off LOs and support staffers.

• South River president on 2024 reverse mortgage industry’s competitive landscape 

  Jun 24, 2024By Chris Clow

• Open Mortgage has FHA direct endorsement authority terminated in Iowa 

  Jun 11, 2024By Flávia Furlan Nunes

• University Bank adds four reverse mortgage veterans to its HECM division 

  Jan 10, 2024By Chris Clow

• Reverse mortgage volume and securities issuance trend lower in December 

  Jan 04, 2024By Chris Clow

• The 3 biggest reverse mortgage news stories of 2023 

  Jan 02, 2024By Chris Clow

• Commentary: Why the reverse mortgage industry needs to stop marketing to ‘seniors’ 

  Dec 29, 2023By Zeb Lowe

• Guild hires Adam O’Daniel as chief marketing officer 

  Dec 05, 2023By Flávia Furlan Nunes

• Open Mortgage shutters reverse division 

  Nov 20, 2023By Chris Clow

• CFPB report lists top 10 reverse mortgage lenders in 2022 

  Sep 27, 2023By Chris Clow

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