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Reverse mortgage market is in its strongest position yet, says Supreme Lending exec
Supreme Lending reverse SVP John Luddy cited high home values, expanding product options, and aging-in-place demand as key tailwinds.
HousingWire reports that Supreme Lending reverse SVP John Luddy believes the reverse mortgage market is in its strongest position yet, pointing to a favorable mix of borrower and product conditions.
In an interview on HousingWire’s Reverse Mortgage Daily, Luddy said high home values, expanding reverse mortgage product options, and rising demand from older homeowners who want to age in place are supporting the market.
Luddy also said loan officers need deeper knowledge development to succeed in reverse lending, noting that training has become a major focus in his current role with Supreme Lending.
He described how his work shifted over time away from day-to-day loan entry and toward training loan officers, including experienced reverse professionals seeking a second opinion and forward loan originators moving into the reverse space.