"The acquisition went very smoothly. Bayview basically said, We want Guild to run as Guild and kept all the management in place. So as far as that goes, it's the same group overall at Guild, including on the reverse side."
"I see the reverse business being stronger than ever. I see two major trends going on, though. One is the development of new products... We're seeing a significant increase in the usage of reverse mortgages and retirement loan strategies."
"All the major IMBs not just sell reverse but have thriving reverse departments. They're doing things like underwriting and funding their own reverses, and really growing in the space."
Bayview's acquisition of Guild has been beneficial, allowing Guild to operate as usual with its existing management. The transition has been challenging but not disruptive. The reverse mortgage business is reportedly stronger than ever, with a notable increase in product variety and usage. Major independent mortgage bankers are increasingly involved in reverse mortgages, contributing to growth in underwriting and funding. Overall, the trends indicate a healthy expansion in the reverse mortgage market.
Read at www.housingwire.com
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