Proprietary reverse mortgages have gained a lot of traction over the past year and now account for more industry volume than federally insured Home Equity Conversion Mortgages (HECMs). With the help of loan officers Nathan Guerrero and Jackson Matheson, Tennessee will soon join the list of states to allow private-label reverse mortgages.

Guerrero, a reverse mortgage specialist and president of Mortgage South, and Matheson, an LO with Fairway Home Mortgage, played instrumental roles in the creation of the Tennessee Reverse Mortgage Innovation Act. The bill has passed both chambers of the state Legislature and is expected to be details ⇒

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