The HECM tech provider has partnered with DataVerify
The advisory firm says reverse mortgages can offer forward lenders new origination opportunities
After testing the waters last year, this reverse company is ready to expand into the forward mortgage space
Steve Scheiern was previously national retail sales manager for the company
Jeff Ausman will drive expansion in the forward business channel
The agency said the program ‘is losing money and can no longer remain viable in its present form’
The CFPB claims that the tactic, which is being touted by several reverse lenders, could cost more in the long run
The company’s move aligns with the growing interest in HECM origination among its loan officers