Vertice introduces high-LTV offering

National Mortgage Professional

Jul 12, 2007

Lender Lead Solutions launches reverse mentoring programMortgagePress.comReverse mortgage training Lender Lead Solutions (LLS) has launched its reverse mentoring program, consisting of on-site training and ongoing advisory services designed to assist traditional brokerage firms in developing reverse mortgage lending origination operations. The program includes specific content for sales and operations personnel, as well as individualized guidance from LLS staff. Melville, N.Y.-based Lender Lead Solutions, a division of Vertical Lend, is a reverse mortgage services company. For more information, call (888) 775-3631 or visit www.lenderleadsolutions.com.

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Jul 12, 2007

Reverse

Reverse Mortgage Funding Files Chapter 11 Bankruptcy

Filing for protection from creditors comes just a day after company laid off 400 employees.

A day after laying off 80% of its staff — about 400 people — Reverse Mortgage Funding LLC filed for protection from creditors in federal bankruptcy court. The Bloomfield, N.J.-based reverse mortgage lender on Wednesday filed a petition for Chapter 11 bankruptcy in U.S. Bank...

Regulation and Compliance

MBA Offers Suggestions For Improving Refis, Forbearance

Responds to CFPB's request for information published in September.

Prioritize reforms that will lower loan manufacturing costs, including a review of regulations that add to those costs that may have “unclear consumer benefits.” That’s just one of the suggestions contained in a 22-page letter filed Monday by the Mortgage Bankers Associatio...