Skip to main content

Ken Keranen joins HomeServices Lending

NationalMortgageProfessional.com
Jul 07, 2010

Ken Keranen, a 17-year veteran in the reverse mortgage industry has joined HomeServices Lending, a joint venture between HomeServices of America, a Berkshire Hathaway company and Wells Fargo Home Mortgage. Working primarily with realtors, Keranen will be concentrating his efforts on the HUD/FHA Reverse Mortgage for Home Purchase Program. The program was nationally formalized in the beginning of 2009. The number of Reverse Mortgage for Home Purchase completed transactions during the last half of 2009 hovered around 130 units per month. Keranen, like many other veterans in the industry, feels that this segment has nowhere to go but up. Keranen believes that within a decade it will account for as much as 50 percent of the overall number of units as Baby Boomers seek purchase their retirement home with a reverse mortgage. Keranen will be housed in a Prudential California branch in San Diego as Prudential is one of the HomeServices Real Estate Companies joint ventured with Well Fargo Home Mortgage. Wells is one of the largest producers of reverse mortgages in the country with approximately 20 percent of the total market. Working in conjunction with traditional home mortgage consultants, Ken will be handling reverse mortgage inquiries along with teaching realtors and others about the program. This program has been a passion of Keranen since he closed his first reverse mortgage application in 1993. For more information, visit www.homeloans.com/ken-keranen.  
Published
Jul 07, 2010
More from
Reverse
PHH Mortgage Signs Subservicing Deal With Finance of America Reverse

PHH, a subsidiary of Ocwen Financial, says deal offers opportunity to grow its reverse subservicing portfolio.

May 05, 2023
Judge Approves Liquidation Plan For RMIT

Decision OK'd after one-day delay for reverse mortgage lender to provide additional funding information.

May 01, 2023
MISMO Recruiting For New Reverse Mortgage Group

The development work group will analyze and develop standards for reverse mortgages.

Apr 28, 2023
Objections Raised To RMIT Chapter 11 Liquidation Plan

Lack of funds, plan to cease loan servicing among issues cited.

Apr 24, 2023
PrimeLending Now Offering Reverse Mortgages

Dallas-based lender saw its loan originations fall 46% in 2022 from a year earlier.

Apr 07, 2023
Guild Mortgage Expands Reverse Mortgage Division

Announces plan after acquiring Cherry Creek Mortgage, a top 10 HECM lender.

Mar 20, 2023