Value Financial, a reverse mortgage lender based in Miami, has added $2 million in funding capacity for these loans. The new warehouse credit gives the company a total of $5 million available, which it says is enough to fund 100 reverse mortgage transactions a month. Last year Value originated over $125 million in reverse mortgages in Florida and is now expanding into five more states. Its proprietary LGS marketing system, Value continued, has a year-to-date conversion rate of over 20%, and the company can close a Federal Housing Administration Home Equity Conversion Mortgage in 21 days.
Processing Content
