Read about the latest happenings in companies across the reverse space. Have exciting news to share? Email us to see it in print!
Huron Valley Financial Announces Reverse Mortgage Division
Huron Valley Financial, Inc. (HVF) announces the establishment of 1st National Reverse Mortgage, its wholly owned reverse mortgage division. Reverse mortgage industry veteran Mike Gruley, CRMP, will lead the division, and Mike Hicks will serve as VP, national retail sales. The new reverse mortgage division will leverage Huron Valley Financial’s existing retail, wholesale and correspondent lending platforms to drive volume.
Moody’s Investors Service Rates Celink Above Average Reverse Mortgage Servicer
Celink has received an SQ2 assessment (equivalent to an “above average” rating) by Moody’s Investors Service as a servicer of reverse mortgage loans. This was the first rating Celink has received by Moody’s. Celink also received an above average rating from Standard & Poor’s in 2015. Moody’s acknowledges throughout its formal report Celink’s “dedicated” and “experienced management team” as well as its “robust technology infrastructure.” Celink’s servicing ability received an above average rating, citing strengths in its customer service as well as tracking and oversight of critical servicing milestones.
Renowned Retirement Income Expert Jamie Hopkins Joins ReverseVision Board of Directors
ReverseVision has announced that Jamie Hopkins has joined its board of directors. A noted expert and frequent speaker on matters of financial planning and retirement income, Hopkins is also a distinguished professor who has educated thousands of financial services professionals over the course of his career. In 2015, InvestmentNews named Hopkins one of its top 40 financial services professionals under 40. He has contributed expert commentary on the strategic use of home equity in retirement income planning to such outlets as Forbes, The New York Times and The Wall Street Journal, and was the keynote speaker at ReverseVision’s User Conference in January 2016.