Irvine, Calif.-based Impac Mortgage is adding reverse mortgages to its product offerings.
Initially, the company's focus will be on providing this product on a retail basis by hiring a combination of outside sales staff and internal sales personnel to support the company's call center operations located in California. Impac Mortgage is licensed to originate in 33 states.
The new reverse mortgage division will be led by Richard Johnson and Frank Curry, who have over 50 years of combined mortgage lending experience.