Items Tagged with 'HECM LENDING'

ARTICLES

  • Live Well Financial laying off 103 employees; blames closure on market, regulatory issues

    Virginia headquarters shuttered
    Virginia-based Live Well Financial announced Friday that it was ceasing originations "due to unexpected circumstances." The forward and reverse mortgage lender and servicer also filed a notice with the Virginia Employment Commission informing the state of its closing and subsequent layoff of 103 employees in Richmond, Virginia, and stating that conditions outside the company’s control led to the sudden closing of all its operations in their entirety.
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  • Live Well Financial shutters origination operations

    Says it will no longer fund new forward or reverse mortgage loans
    Live Well Financial has ceased originating loans, the company announced on its website Friday. The homepage message said only that it would not be originating new loans as of May 3, 2019, "due to unexpected circumstances," a surprise move that took some wholesale partners by surprise.
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  • These tech solutions are helping reverse mortgage players up their game

    Three offerings that are enhancing business for LOs, issuers and lenders
    It's been widely stated in the mortgage space that lenders need to invest in tech in order to survive in this climate. A number of companies have seized on the opportunity, creating technology designed to address the specific processes involved in handling a reverse mortgage loan. Here are three tech solutions that are making huge strides to improve the HECM lending process for originators, issuers and lenders.
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  • Live Well Financial bets big on tech

    Plans to launch enhanced platform to streamline forward and reverse lending
    Whether they’re buying a car or refinancing a house, consumers want immediate information about their transaction at their fingertips. Acutely aware that mortgage shopping is no different, Live Well Financial is bankrolling a major upgrade in its lending platform in a bid to create a better, faster more automated experience for its customers and its originators.
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  • More Boomers are mortgage shopping online

    Reverse mortgage lenders see opportunity to invest in digital resources
    Like most consumers, Baby Boomers are increasingly turning to the web to do their shopping, and apparently, shopping for a mortgage – or reverse mortgage – is no different. A recent survey by Ellie Mae revealed that nearly a quarter of Boomers reached out to a lender online, signaling to lenders like Finance of America Reverse that online resources are a smart investment.
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