Open Mortgage Launches Wholesale Program

Open Mortgage LLC, a provider of traditional and reverse mortgages throughout the U.S., has rolled out a wholesale program for traditional and reverse (HECM) mortgages.

The company says its program offers a wide range of products, such as FHA, USDA, VA, FHA DPA and HECM loans, as well as prime and Alt-A (non-QM near-prime; non-QM non-prime) mortgages with competitive rates and no lender fees (on wholesale transactions). It also provides fast underwriting, in-depth training and a dedicated operations team to help partners grow their businesses.

“By joining the Open Mortgage wholesale program, partners have access to an extensive network of loan programs, training, marketing and loan tools,” says Scott Gordon, CEO of Open Mortgage. “These provide brokers with powerful benefits.”

Jerry Burleson is managing the traditional mortgage wholesale team, and Brenley Gagnon has been named regional sales manager for the wholesale division of reverse mortgages.

To learn more about the wholesale program, click here.



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