HomEquity Bank, the reverse mortgage bank for over 55’s, has recorded a record high for reverse mortgage originations, $41 million in July. Year-to-date originations grew by 21 per cent year-over-year. The growth has been attributed both to direct consumer business and growth through referral partners including banks and mortgage brokers. As part of its growth strategy, HomEquity Bank is launching its Mortgage Broker Direct service in September offering an official designation for approved brokers.
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