Items Tagged with 'Open Mortgage'

ARTICLES

  • Reverse mortgages close out 2018 on a tough note

    Is this the new normal?
    It’s been a brutal year for the reverse mortgage industry – and that’s saying something considering everything the industry has been through. Now, constrained by new guidelines that make a reverse mortgage less beneficial, is the industry destined to embrace a business that operates with less volume? Is this the new reality? Experts weigh in.
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  • Here are the top 10 reverse mortgage lenders

    And these are the different approaches they’re taking to survive the down market
    The reverse mortgage industry has taken a bit of a beating in the past year following significant program changes from HUD, but HECM lenders are nothing if not resilient. We’ve compiled a list of the top 10 players in the space and a summary of the approach each has taken to stay afloat in the current climate.
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  • Open Mortgage is all in on reverse

    "We think chaos in the marketplace makes it a great time to invest"
    Whether you originate traditional mortgage loans or focus on reverse, it’s a tough time in the lending space right now. For Open Mortgage, that means there’s opportunity for those bold enough to go after it. "It's all about moving forward when others are stuck," said CEO and Founder Scott Gordon.
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  • Open Mortgage expands into wholesale lending

    Launches wholesale program for purchase and reverse mortgages
    Open Mortgage, an Austin, Texas-based mortgage lender, announced Wednesday that it is expanding its mortgage offerings and adding a wholesale lending channel for purchase and reverse mortgages. Here are the details.
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