Miami-based Value Financial has added $2 million to its existing reverse mortgage funding capacity and now has $5 million dollars available to support its funding requirements. The company says this amount is adequate for 100 transactions per month.
Growth has been driven by aggressive marketing through a proprietary LGS System, which has a conversion rate of over 20%, year-to-date. Value Financial adds that it can process and close Home Equity Conversion Mortgages in 21 days or less.
Source: Value Financial