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Melissa Macerato on How Platinum Peak is Making an Impact

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It’s an exciting time in the proprietary reverse mortgage space, and Longbridge Financial is leading the way with the launch of our latest product enhancement: Platinum Peak!

Building on our Platinum fixed-rate suite, Platinum Peak offers higher available loan-to-value (LTV) ratios, updated seasoning requirements for refinances, and new opportunities for borrowers who may have previously been “short to close.” And with higher proceeds now available, this product is designed to meet the needs of borrowers who have been impacted by today’s higher interest rate environment.

Our own Chief Revenue and Marketing Officer, Melissa Macerato, recently sat down with HousingWire to discuss this exciting update. “We have been seeing more and more borrowers who are not able to get a reverse mortgage as interest rates were rising, a segment of borrowers that lenders have not been able to serve with the existing Platinum and Home Equity Conversion Mortgage (HECM) products,” Melissa explained. She added, “Now, whether a borrower is looking for the lowest rate, the lowest upfront cost, or the maximum possible proceeds, our Platinum suite of products has something available for everyone.”

Read the full article to hear more of Melissa’s insights and learn how Platinum Peak is helping us deliver more possibilities to more borrowers!

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