Reverse Mortgage Network was opened for business in October 2011. The company staffed up by recruiting reverse mortgage originators from Wells Fargo Home Mortgage, which had previously announced plans to exit reverse mortgage lending.

Now Reverse Mortgage Network has recruited the founder of a company that has previously claimed to be the biggest reverse mortgage lender in Maryland and 39 of its loan originators.

The parent company says that its chief executive officer projects that "Reverse Mortgage Network will, in the near future, become one of the top 10 largest reverse mortgage lenders in the country."

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