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Norcom Mortgage’s core reverse team elects not to join CMG Financial

Earlier this month, California-based multichannel mortgage lender CMG Financial announced that it had acquired Norcom Mortgage’s retail assets to expand its operations in the Northeast.

The deal, however, will not include core members of Norcom’s well-known team of reverse mortgage professionals, including John Luddy, Norcom’s senior vice president of reverse lending.

In interviews with RMD, Luddy and other core members of his team — including vice presidents and branch managers Garrett Duffy and Robert Filippone — explained that they will aim to find a details ⇒

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