Global credit rating agency DBRS, Inc. (Morningstar DBRS) has confirmed its MOR RVO2 residential reverse mortgage originator ranking for Paramus, NJ-based reverse mortgage lender, Longbridge Financial. Morningstar also affirmed that the trend for this ranking remains Stable.
To quote Morningstar, this ranking “reflects Longbridge’s experienced and tenured senior management team and experienced underwriting staff, strong underwriting practices, targeted origination channels with comprehensive approval and monitoring practices for third-party originators, focused risk and compliance culture and continued investments in technology to enhance efficiencies…”
“Longbridge has consistently demonstrated the ability to grow its reverse originations while maintaining solid loan performance.”
The MOR RVO2 residential reverse mortgage originator ranking awarded to Longbridge is the second-highest rating of its kind. For more information, read the full release from DBRS Morningstar.