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Longbridge, Mutual of Omaha move to dismiss reverse mortgage marketing lawsuit

HWmember, Lawsuit, Legal, Longbridge Financial, Marketing, Mortgage, Mutual of Omaha, Mutual of Omaha Mortgage, Real Estate Settlement Procedures Act, Reverse, Reverse Mortgage Daily /

Two of the nation’s largest reverse mortgage lenders, Longbridge Financial and Mutual of Omaha Mortgage, have asked a federal judge to dismiss a lawsuit over alleged improper advertising practices, ending a dispute that began in September 2024. According to a joint filing on Tuesday in the U.S. District Court for the Southern District of California, […]

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Innovations in reverse mortgage lending will drive growth in 2026

FHA, HECM, HWmember, Longbridge Financial, NRMLA, Reverse, Reverse Market Insight, Reverse Mortgage Daily /

The reverse mortgage market is expected to see growth in 2026 as lenders and originators adapt to evolving interest rate conditions and innovate to reach more borrowers. John Lunde, founder and president of Reverse Market Insight, said that 2025 marked a shift in focus for many originators, as they recognized that mortgage rates might not

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Longbridge posts $8.6M profit, record proprietary reverse volume

Earnings, Ellington Financial, HWmember, LendingLife, Longbridge Financial, Mortgage Servicing, Reverse, Reverse Mortgage Daily /

Ellington Financial reported strong financial performance from its reverse mortgage subsidiary, Longbridge Financial, during its third-quarter earnings call on Thursday. Longbridge posted net income of $8.6 million from July through September — down from the $10.7 million profit it achieved in the second quarter but a continuation of a positive trend after its $1 million

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Longbridge talks new tech tools at NRMLA meeting

Artificial Intelligence, HELOCs, HWmember, Longbridge Financial, NRMLA, Reverse, Reverse Mortgage Daily, Technology, Wholesale Lending /

Executives from Longbridge Financial gathered last week at the National Reverse Mortgage Lenders Association (NRMLA)’s Annual Meeting to discuss the company’s suite of technology tools and lending products aimed at helping wholesale reverse mortgage partners grow their businesses and better serve older homeowners. Wholesale and correspondent manager Bill Nolan opened the company’s session at the event by

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Reverse execs eye more private products, urge HUD to modernize HECM program

Finance of America, HECM, HMBS, HWmember, LendingLife, Longbridge Financial, Mortgage, NRMLA, Reverse /

Reverse mortgage industry executives see a growing role for proprietary products despite persistent challenges in the secondary market. But they also agree on one thing — the Home Equity Conversion Mortgage (HECM) and its related mortgage-backed securities (HMBS)  programs remain critical pillars of the business. Their comments came during the National Reverse Mortgage Lenders Association

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Longbridge employs One Diligence’s AI platform

Artificial Intelligence, LendingLife, Longbridge Financial, Reverse, Technology /

One Diligence, a provider of reviews and outsourcing solutions to the residential mortgage industry, announced on Thursday that reverse mortgage lender Longbridge Financial has implemented its artificial intelligence–driven platform to enhance accuracy and efficiency in loan servicing operations. Longbridge found an opportunity to improve how it verifies loan data between its origination system and loan

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Record senior home equity is fueling demand for new solutions for older American homeowners

Longbridge Financial, Mortgage, Origination, Sponsored /

Older American homeowners hold substantial home equity, built over decades of steady ownership. With refinances scarce and mortgage rates still elevated, that stockpile has become the most durable growth story in housing finance—and one of the most practical ways to help older households manage expenses, preserve independence and stay in their homes. The question is

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Reverse mortgage AI tools set to transform senior borrower experience

Artificial Intelligence, Finance of America, Longbridge Financial, Mortgage, Reverse, Reverse Mortgage Daily, Technology /

Top U.S. reverse mortgage lenders are entering a new phase in their artificial intelligence (AI) strategy: deploying customer-facing tools to engage more directly with seniors. After achieving operational efficiencies by using AI internally, lenders now plan to roll out chatbots, voice agents and digital prequalification tools to a broader base of borrowers starting in the

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Longbridge’s ‘HELOC for Seniors’ is officially on the market

HELOC, HELOCs, Home Equity, HWmember, LendingLife, Longbridge Financial, Mortgage, Reverse, Reverse Mortgage Daily /

Longbridge Financial has officially launched a home equity line of credit (HELOC) program that’s designed for homeowners ages 62 and older, offering approval and funding in as little as five business days.  The move marks an expansion beyond the company’s core reverse mortgage business while staying focused on older borrowers. This demographic collectively holds nearly

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Reverse mortgage production metrics took a tumble in August

Finance of America, HECM, HMBS, HWmember, Longbridge Financial, Mortgage, Mutual of Omaha, New View Advisors, Reverse, Reverse Mortgage Daily /

Home Equity Conversion Mortgage (HECM) endorsements fell sharply in August, even as a handful of reverse mortgage lenders continued to dominate the market. The Federal Housing Administration (FHA) insured 2,062 HECMs in August, according to data compiled by New View Advisors that was released on Wednesday. That marked a 13% decline from July and the

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