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Reverse Mortgage Funding history
Reverse Mortgage Funding company history timeline
While most certainly making waves upon its founding in 2013, that would ultimately be just the beginning of the moves that RMF would make over the course of the next several years.
By 2014, RMF made news in the New York Times concerning $230 million in new financing, which sparked rumors of a possible public offering at some point in the future.
In 2015, RMF’s HECM products received an official endorsement from the American Bankers Association (ABA), backed by a comprehensive due diligence litmus test.
By 2016, RMF had grown into one of the top reverse mortgage lenders in the country.
Like the majority of the reverse mortgage industry, however, RMF was not immune to a series of major HECM program changes handed down by FHA and the United States Department of Housing and Urban Development (HUD) in October, 2017.
2 Source: RMF customer satisfaction survey, December 2018
In December of 2019, it was announced that RMF’s parent company had been acquired by an affiliate of Starwood Capital Group, a global private investment firm which is focused on real estate investments, and which maintains more than $60 billion of assets under management.
In 2020, RMF became a fully-remote company - one of the first in the reverse mortgage industry.
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Reverse Mortgage Funding competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Universal Lending | 1981 | $21.8M | 100 | - |
| Finance of America Reverse | 2003 | $44.6M | 375 | 4 |
| Nationwide Mortgage Bankers | 2011 | $11.0M | 750 | - |
| Synergy One Lending | - | $6.1M | 374 | - |
| Ditech | 1995 | $780.4M | 4,900 | - |
| Saxon Mortgage | 1960 | $41.0M | 150 | - |
| Carrington Mortgage Services, Mortgage Lending Division | 2007 | $20.0M | 814 | 119 |
| Caliber Home Loans | 2008 | $15.0M | 50 | 7 |
| Nationstar Mortgage | 1994 | $1.7B | 7,600 | - |
| HTLF | 1981 | $717.7M | 2,249 | - |
Reverse Mortgage Funding history FAQs
Zippia gives an in-depth look into the details of Reverse Mortgage Funding, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Reverse Mortgage Funding. The employee data is based on information from people who have self-reported their past or current employments at Reverse Mortgage Funding. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Reverse Mortgage Funding. The data presented on this page does not represent the view of Reverse Mortgage Funding and its employees or that of Zippia.
Reverse Mortgage Funding may also be known as or be related to Reverse Mortgage Funding, Reverse Mortgage Funding LLC and Reverse Mortgage Funding Llc.