Fairway Independent Mortgage Corp., a mortgage broker/banker with over 100 branches nationwide, has established a reverse mortgage division."In order to properly service this growing segment, we knew we'd need to establish a division that ensures consistency and compliance," said Gary Nelson, vice president of national sales at Fairway. ".... As baby boomers age, more and more homeowners are becoming qualified for reverse mortgages every day. We're establishing a program to provide standardized delivery of reverse mortgages, so obtaining a reverse mortgage will be just as consistent, convenient, and straightforward as getting a standard mortgage from any Fairway location." Fairway can be found on the Web at http://www.fairwayindependentmc.com.
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The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
1h ago -
The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
1h ago -
Freedom alleged the executive, who was at the company for nine months, used proprietary data to build his own product he expected to net more than $1 million.
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Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
June 22 -
Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
June 22







