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Proprietary reverse loans give younger homeowners more options

FHA, Finance of America, HECM, Housing Market, HWmember, Mutual of Omaha Mortgage, Reverse, Reverse Mortgage Daily /

In an effort to nudge older homeowners to tap into their home equity, the reverse mortgage space is expanding beyond federally backed offerings as lenders develop proprietary products with fewer restrictions. The push reflects a confluence of factors: rising home values, inflation, relatively high mortgage rates and a swelling population of Americans nearing or entering […]

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Government shutdown halts new reverse mortgage endorsements

FHA, Government Lending, Government Shutdown, HECM, Housing Market, HWmember, Reverse, Reverse Mortgage Daily /

The Federal Housing Administration (FHA) said Wednesday it will continue processing claims during the government shutdown but cannot endorse new Home Equity Conversion Mortgages (HECMs) until funding is restored. That information was confirmed by the National Reverse Mortgage Lenders Association (NRMLA). Because most reverse mortgages fall under the FHA’s HECM program, FHA loan endorsements stop

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Atlas VMS, QuantumReverse enter tech integration partnership

Appraisals, Atlas VMS, HWmember, QuantumReverse, Reverse, Technology /

Appraisal technology management firm Atlas VMS announced on Tuesday that it has entered a partnership with QuantumReverse, an LOS provider for reverse mortgages, to integrate the AIM-Port order management platform. The partnership will grant reverse mortgage lenders who use QuantumReverse direct access to their approved appraisal management companies through the AIM-Port platform, including Atlas’s own

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Seniors see aging in place as greatest health risk in 2025: survey

Aging in Place, LendingLife, Mortgage, Reverse /

U.S. seniors cited aging in place as the biggest threat to their overall health and well-being for the second straight year in 2025, regardless of where they live, their income or their education, according to a new Alignment Health survey. In total, 64% of seniors identified aging in place as their primary social risk, down

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Workers’ retirement confidence rises, but knowledge lags

HWmember, Nationwide, Nationwide Retirement Institute, Retirement, Reverse /

American workers have grown more confident in the past year about their finances in retirement, according to survey data released this week by the Nationwide Retirement Institute. But this sentiment “may not be grounded in financial knowledge” as many people are making decisions that could negatively affect their financial future. The institute — a division

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Scrivnr launches program to tackle tangled titles in Philadelphia

HWmember, Philadelphia, Reverse, Reverse Mortgage Daily, Title, Title insurance /

Scrivnr, a legal technology and financial services company, has launched an initiative aimed at helping Philadelphia residents in underserved communities resolve “tangled titles,” or unclear property ownership caused by missing legal documentation. Tangled titles prevent property heirs from refinancing mortgages, making essential repairs or selling inherited homes. Scrivnr’s program — which deals with both forward

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Smartfi Home Loans shutters retail division

HWmember, Retail Lending, Reverse, Reverse Mortgage Daily, San Diego, Smartfi Home Loans, Wholesale Lending /

San Diego-based Smartfi Home Loans, a top 15 U.S. reverse mortgage lender, recently made the decision to close its retail division and place an “exclusive focus” on its wholesale channel, the company confirmed Tuesday with HousingWire’s Reverse Mortgage Daily. The move was officially announced Sept. 15 and ends a short stint for the company’s retail

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Retirement age could change as Social Security examines all options

HWmember, Politics, Retirement, Reverse, Social Security, Social Security Administration /

With the Committee for a Responsible Federal Budget predicting that Social Security’s retirement trust funds will run out by 2032, policymakers are being forced to act fast. When asked during Fox Business News‘s “Mornings with Maria” segment on Thursday whether the retirement age would change, Social Security Administration (SSA) Commissioner Frank Bisignano said “everything’s being

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Reverse mortgage AI tools set to transform senior borrower experience

Artificial Intelligence, Finance of America, Longbridge Financial, Mortgage, Reverse, Reverse Mortgage Daily, Technology /

Top U.S. reverse mortgage lenders are entering a new phase in their artificial intelligence (AI) strategy: deploying customer-facing tools to engage more directly with seniors. After achieving operational efficiencies by using AI internally, lenders now plan to roll out chatbots, voice agents and digital prequalification tools to a broader base of borrowers starting in the

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GoodLife’s Chase Kinder on growing his company’s reverse mortgage presence

Goodlife Home Loans, HECM, HWmember, Reverse, Reverse Mortgage Daily, Team Leaders, Wholesale Lending /

Last week, Traditional Mortgage Acceptance Corp. (TMAC), dba GoodLife Home Loans, announced a leadership change when it promoted Chase Kinder to lead its wholesale division. GoodLife is the country’s fourth-largest originator of Home Equity Conversion Mortgages (HECMs), according to the most recent industry data from Reverse Market Insight. The company endorsed 1,344 HECM loans during

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