Longtime reverse mortgage professional John Luddy says that despite the noise around high interest rates and equity-locked borrowers, the reverse market is in its strongest position yet.
In a conversation with HousingWire‘s Reverse Mortgage Daily, the senior vice president of reverse lending at Supreme Lending cited high home values, expanding product options and growing demand from older homeowners who want to age in place as indicators of a healthy market. But for loan officers to succeed in the reverse space, more knowledge development is needed.
Editor’s note: This interview has been lightly edited for length and clarity.
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