ReverseVision reported a record number of newly licensed lenders entering the Home Equity Conversion Mortgage (HECM) market in 2017, according to data from its ReverseVision Exchange loan origination system.
Over the same time period, ReverseVision saw an average of three new mortgage bankers begin offering HECM loans each day.
Read on for more details and what a STRATMOR Group senior partner says is behind the increased activity so far this year.
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