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» HECM Lenders See an Increase in Applications
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HECM Lenders See an Increase in Applications
July 2, 2020
Maria Volkova
The financial turmoil caused by the coronavirus pandemic has prompted many seniors to consider, for the first time, a reverse mortgage.
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The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?
No. We’re staffed just right.
Yes, but only a few positions.
No. In fact, we’re still downsizing.
Yes, we’re expecting a boom!
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