The Reverse Review - January 2012
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The Last Word
Rob Awalt -
January 2012
Read the issue here! -
FEATURE: Reverse Course: The Changing Public Policy Landscape of 2011 and the Year Ahead
Emily Vannucci -
Underwriting
Ralph Rosynek -
Originating
Ken Kanady -
Secondary Market
Darren Stumberger -
Legislative
Christopher J. Willis & Mercedes Kelley Tunstall -
Servicing
James Wright -
Appraising
Charles Gress -
Ask the Appraiser
Bill Waltenbaugh, SRA -
Spotlight Article
Jim Milano -
The Last Word
Rob Awalt -
January 2012
Read the issue here!
1st Reverse Mortgage USA® Has Record Year
Last Updated on Thursday, 18 February 2010 17:18 Written by Daily News Updates Monday, 09 November 2009 08:56
1st Reverse Mortgage USA®, a division of Cherry Creek Mortgage Company, Inc., today announced that 2009 is a year for a record number of reverse mortgage loan fundings. This year, 1st Reverse Mortgage USA® expects to close more than $115,000,000 in reverse mortgage loans, representing a 58 percent increase over 2008. Cherry Creek Mortgage Co., Inc. is among the top 50 mortgage lenders in the country. Their 3.2 billion dollar originations this year represents over a 50 percent growth over last year’s volume in traditional mortgages.
“We have built our success and reputation based on the belief that it is all about education. Our philosophy is to give seniors all the necessary resources to learn about this program, allowing them the opportunity to make an informed decision,” said Dan Harder, Vice President, 1st Reverse Mortgage USA®. “We have trained our staff to take the mystery out of the Reverse Mortgage program, and to separate fact from fiction. The increasing number of loans closed this year clearly demonstrates more seniors understand that reverse mortgages are a solution to their needs.”
About 1st Reverse Mortgage USA®
1st Reverse Mortgage USA® is dedicated to serving the senior home owners and the business professionals in our communities. Our mission is first and foremost to educate anyone and everyone who is sincerely interested in the well being of seniors. We believe that every senior home owner should have the opportunity to make an informed decision on a reverse mortgage and that requires education.
1st Reverse Mortgage USA® is a division of Cherry Creek Mortgage Company, Inc., located in Lakewood, Colorado and has direct endorsement authority from HUD to originate, process, underwrite and close reverse mortgages. We are among the top 50 originators of reverse mortgages in the nation. Throughout a 20 state region we have organized a Network, 1st Reverse Mortgage USA Lender Network® of more than 70 Banks and Credit Unions representing over 350 branch locations, qualified mortgage bankers and over 50 Cherry Creek Mortgage retail branch locations to serve the senior community.
What separates reverse mortgage lenders is their knowledge, experience, and their attention to the detail that makes the program easy to understand and the process simple. When you are working with 1st Reverse Mortgage USA® or a member of the 1st Reverse Mortgage USA Lender Network® you can take peace of mind in knowing they have met certain standards of excellence, and are backed by some of the leading experts in the industry. For more information visit www.1streversemortgageusa.com or contact Dan Harder
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
; (303) 854-3000.
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