Items Tagged with 'Synergy One Lending'

ARTICLES

  • Retirement Funding Solutions partners with 55places.com to help older homebuyers get a mortgage

    Reverse mortgage lender and senior living website aim to help older homebuyers
    Retirement Funding Solutions, a top 10 reverse mortgage lender, has announced a partnership with 55places.com, an online resource for active adult communities. Together, the two entities are forming 55places Mortgage, which aims to guide users though the home financing process, presenting both traditional and reverse mortgage options.
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  • Reverse mortgage volume recovers slightly

    October sees endorsements climb 7.4%
    The reverse mortgage market continues its uneven recovery after taking a sizable hit from program changes issued last year. The latest report from analytics provider Reverse Market Insight shows that endorsements were up 7.4% to 3,087 loans in October, following a bumpy trajectory that has been the pattern as of late.
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  • Reverse mortgage market closes out October with positive gains

    But analyst warns recovery will be slow and uneven
    Reverse mortgage volume inched upward last month, continuing its uneven road to recovery after a rough year. According the latest HECM Lenders report from Reverse Market Insight, endorsement volume rose 7.3% in October to 3,091 loans. "We are expecting a very slow and lumpy growth for the foreseeable future in HECM volumes," said RMI President John Lunde.
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  • Synergy One announces first big move under new management

    Company set to acquire BBMC Mortgage
    Synergy One Lending is set to acquire certain assets of BBMC Mortgage, significantly expanding its footprint in the Midwest. Synergy One CEO Terry Connealy said the company is excited to expand and serve more customers in the traditional and reverse mortgage markets.
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  • Latest reverse mortgage data points to continued recovery

    Both wholesale and retail channels see growth
    For the first time since the last year’s program changes kicked in, the HECM industry saw growth in both its retail and wholesale channels, according to the latest report from Reverse Market Insight. RMI President John Lunde said the data "sets the stage for future growth and recovery."
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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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  • Q&A: Synergy One's Torrey Larsen on the Mutual of Omaha Bank deal

    Does the bank’s buy-in signal a turnaround for the reverse mortgage space?

    Synergy One Lending President and CEO Torrey Larsen sits down with HousingWire to talk about what the entrance of a major player like Mutual of Omaha Bank means for the reverse mortgage market, and why he thinks traditional lenders will one day be the biggest players in the space.


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  • Mutual of Omaha Bank acquiring Synergy One Lending

    Deal will allow Mutual of Omaha to expand into reverse mortgages
    Mutual of Omaha Bank, the banking arm of insurance giant Mutual of Omaha, is expanding its mortgage platform by acquiring Synergy One Lending, a mortgage lender based in California. One important piece of the deal for Mutual of Omaha: acquiring Synergy One will allow the company to expand into reverse mortgage lending.
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