The program offers a wide range of products such as FHA
, USDA, VA
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 professional
s 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 mortgage
"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.
Multi-channel mortgage lender Open Mortgage LLC has announced an expanded Wholesale Program for Traditional and