Reverse Mortgage Daily: RMF Seeks Reverse Mortgage Market Expansion in New Equity Elite Option

Reverse Mortgage Funding (RMF) has introduced a new interest rate option for its Equity Elite proprietary reverse mortgage product, which is designed to broaden the reverse mortgage product landscape and capture a wider segment of senior borrowers.

In an effort to compete more directly with traditional avenues of financing, Equity Elite has introduced a new option with a 4.99% rate, a 200 basis point origination fee on principal limit, and the same principal limit factors (PLFs) as other Equity Elite options. Read the full story on Reverse Mortgage Daily.

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Reverse Mortgage Funding LLC expands its origination footprint to the State of New York

Reverse Mortgage Funding LLC (RMF), one of the nation’s leading reverse mortgage lenders and the #1 HECM-backed securities (HMBS) issuer for 2018, today announced that the company is now licensed to originate Home Equity Conversion Mortgages (HECM) to homeowners and homebuyers in the State of New York, through its retail and wholesale channels.

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