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Reverse Mortgage Post Closing Activities
Alan Carlow -
The 2010 July/August Issue is now available online!
July/August 2010 -
Surviving in the Reverse Mortgage Industry
Todd Walters -
Creating an Endless Resource of Referrals
Sam Collins -
Reverse Mortgages: A Compelling Product For Forward Originators Seeking New Business
Robert D. Yeary -
Reverse Mortgage Post Closing Activities
Alan Carlow -
The 2010 July/August Issue is now available online!
July/August 2010
Great Oak Lending Partners: Grows 4910 Percent to 10th in US for Reverse Mortgage Production
Tuesday, 16 March 2010 16:56
Great Oak Lending Partners, a trusted mortgage company servicing the Mid-Atlantic, today announced that it has been ranked # 10 nationwide for reverse mortgage production and volume for the month of February, as recorded by the monthly HECM endorsement reports. The company was also recognized as the top ranked company in the state of Maryland. This reflects an increase of 3,775 percent over 2009 production and a year over year market share increase of 4,910 percent.
"Reverse mortgages reflect a growing market segment and Great Oak Lending is honored to be recognized as a top producer in this market," said Joshua Shein, partner, Great Oak Lending Partners. "Our production volume is a direct correlation to our experience and expertise in helping the senior market understand this complicated product, demonstrating a confidence among this customer base."
A reverse mortgage enables homeowners 62 years and older to convert part of the equity in their homes into tax-free cash without having to sell the home, give up title or take on a new monthly mortgage payment. The reverse mortgage is aptly named because the payment stream is "reversed." Instead of making monthly payments to a lender, as with a regular mortgage, a lender makes payments to the homeowner.
Great Oak Lending was listed as Cooper & Shein, LLC (dba Great Oak Lending Partners).
