Open Mortgage expands wholesale program

by Steve Randall15 Jun 2017
Multi-channel mortgage lender Open Mortgage LLC has announced an expanded Wholesale Program for Traditional and Reverse (HECM) Channels.

The program offers a wide range of products such as FHA, USDA, VA, FHA DPA, HECM (Reverse) loans as well as Prime, Alt A (Non-QM Near Prime, Non-QM Non-Prime) with competitive rates and no lender fees (on wholesale transactions).

The firm also provides fast underwriting, in-depth training, and a dedicated operations team to help partners grow their business.

"Open Mortgage's top priority is to provide mortgage professionals with a wide range of products that meet their borrowers' varying needs," said Kevin McKnight, Vice President of Forward Sales Division, Open Mortgage.

The Austin, TX-based firm has hired experienced industry specialist Jerry Burleson to manage the Traditional Mortgage Wholesale Team.

One of the lender’s regional sales managers, Brenley Gagnon, says that there are misconceptions surrounding the reverse mortgages market.

"The reverse mortgage industry is misunderstood, and many brokers and clients don't understand how these loans can change the lives of seniors for the better. It's an exciting time to be in this industry. Open Mortgage has given me the opportunity to educate our brokers and clients about the reverse mortgage,” he said.

Poll

Should CFPB have more supervision over credit agencies?