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Industry Updates
CELINK EXTENDS
PARTNERSHIP
WITH LONGBRIDGE
FINANCIAL
Celink, a subservicer of reverse mortgages,
has executed a multiyear contract renewal
with Longbridge Financial LLC, a leader in
the reverse mortgage industry. Longbridge
has utilized Celink as its reverse mortgage
subservicer since 2015, and this renewal will
further extend the relationship between the two
companies for years to come.
"Longbridge has a long-standing partnership
with Celink, and we're very excited to continue
the relationship into the future," Longbridge's
SVP of Servicing and Vendor Management
Richard Burke said. "Celink has made many
enhancements recently, and those changes have
improved the service to our customers. We
look forward to our continued collaboration
as we work together to advance and evolve the
borrower's experience."
Longbridge Financial is committed
to serving its customers with transparency,
unparalleled expertise and efficiency, the highest
level of personal service, and its industry-leading
pricing.
Celink, with operations in both Austin,
Texas, and Lansing, Michigan, is a Ginnie Mae-
approved Participation Agent and Subcontract
Servicer for the HMBS program, a DBRS
Morningstar approved servicer, as well as a
Moody's approved servicer of reverse mortgages.
"Celink is very pleased to extend our
relationship with Longbridge, as we view
them as a key strategic partner and appreciate
their vision for growing the reverse mortgage
industry," Celink's CEO Marion McDougall
said. "We believe that our investment over
the past 24 months in cloud infrastructure,
omnichannel solutions for senior borrowers,
robotic process automation, and process
engineering provides great value to both our
clients and the industry overall."
