Ogata highlights that the reverse mortgage sector shares similarities with forward lending, emphasizing that both markets are competitive and can experience significant growth under favorable conditions.
He observes that companies that are expanding their reverse mortgage offerings appear to be using strategies similar to those in the forward lending market, indicating a potential shift in how reverse lending is approached.
Ogata points out that the boom in reverse mortgage divisions is notable, particularly among lenders acquiring reverse divisions, which signals growing recognition of the market's potential.
The growth trajectory of Rate's reverse mortgage division has been exceptional, showcasing a unique blend of traditional lending strategies adapted to the specific demands of reverse mortgages.
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