Reverse mortgage industry veteran George Morales has been appointed as the new chairperson of the dedicated reverse mortgage development workgroup (DWG) inside the Mortgage Industry Standards Maintenance Organization. MISMO is a subsidiary of the Mortgage Bankers Association (MBA), which signaled its intent for more reverse mortgage involvement late last year.

The reverse mortgage workgroup, which was announced last year, aims to help make the reverse mortgage product category more of a “mainstream” financial instrument by initially identifying a need for holistic support for reverse programs across new and details ⇒

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