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DBRS Morningstar Confirms Ranking on Longbridge Financial, LLC

For the second consecutive year, global credit rating agency, DBRS Morningstar has issued a “good ranking” to Mahwah, NJ-based reverse mortgage lender Longbridge Financial. Morningtar confirmed the MOR RVO2 residential reverse mortgage originator ranking and declared that the trend on the ranking remains Stable.

To quote Morningstar, “the ranking reflects Longbridge’s strong and tenured senior management team, highly experienced underwriting team, financial profitability, and good loan performance.”

“Longbridge has been profitable since 2017 with acceptable returns. The Company has limited credit risk as it benefits from government guarantees provided by the Federal Housing Administration and Ginnie Mae on the performance of its reverse agency-backed portfolio while selling its private reverse mortgages to a third-party investor on a flow basis.”

The MOR RVO2 residential reverse mortgage originator ranking issued to Longbridge is the second-highest such rating.

For more information, read the full release from DBRS Morningstar.

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By submitting your phone number you are providing your signature and express “written” consent to having Longbridge Financial LLC or our mortgage partners contact you about your inquiry at the phone number you have provided. You agree to be contacted via a live or automated prerecorded telephone call, text message, or email even if you have previously registered on a “do not call” government registry or requested Longbridge to not send marketing information to you. You understand that your telephone company may impose charges on you for these contacts, and you are not required to enter into this agreement as a condition of any Longbridge products or services. You understand that you can revoke this consent at any time by calling Longbridge Financial at 855-523-4326.

For information on how we collect and use personal information, please see our Privacy Notice.