News

BLOOMFIELD, N.J. – May 2, 2017 – Reverse Mortgage Funding LLC (“RMF”), one of the nation’s leading reverse mortgage lenders and 2016’s top issuer of Home Equity Conversion Mortgage-backed securities (HMBS), today announced the launch of its new processing service which dramatically simplifies and reduces the amount of time mortgage brokers spend on reverse mortgage origination. With this new program, brokers have the option of letting RMF’s seasoned operations team handle the majority of loan processing responsibilities, which can help brokers devote more of their time to expanding their business or advancing their education.

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MARLBOROUGH, Mass. – April 18, 2017 – The Cooperative Credit Union Association (CCUA) announced today its naming of Reverse Mortgage Funding LLC (RMF), 2016’s top issuer of Home Equity Conversion Mortgage-backed securities (HMBS)¹, as an approved CU Connect participant. RMF offers an entire lineup of FHA-insured* Home Equity Conversion Mortgage (HECM) products and services, now available to all CCUA credit union members.

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In collaboration with the NCOA, we are pleased to announce the results of our groundbreaking research which gauged the interest in and understanding of home equity products among older homeowners and financial advisors. Read the full press release to learn more.

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If you’re age 62 or older, a home equity conversion mortgage — commonly known as a reverse mortgage — is an important financial option. But what is a reverse mortgage?

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REALTOR^® Magazine recently hosted a live webcast about how reverse mortgages, also known as home equity conversion mortgages (HECMs), can be used to help seniors finance the purchase of a home in addition to their traditional purpose of enabling people to borrow against the equity in a property where they already live...

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