Summit Forms Reverse Mortgage Unit

Summit Mortgage, a private Boston-based mortgage banking firm, has announced the formation of a reverse mortgage division.The company said it will have reverse mortgage experts at each of its nine branches in Massachusetts. "Although reverse mortgages are growing in Massachusetts, there is an untold number of seniors and their families who need to better understand the process," said Richard S. Fedele, Summit's chief executive officer.

For reprint and licensing requests for this article, click here.
Originations
MORE FROM NATIONAL MORTGAGE NEWS