Live Well Financial

Live Well Financial, Inc.
Founded Richmond, Virginia, USA (2005)
Headquarters 1011 Boulder Spring Dr #420
Richmond, VA 23225
United States
Key people Michael Hild, CEO/Founder
Employees 300+ (2016)
Website LiveWell.com

Live Well Financial, Inc. ("LWF") is a privately-owned mortgage originator, servicer and investor, licensed in the United States to operate in 46 states.[1] The company offers government-insured Home Equity Conversion Mortgage loans (HECM, commonly known as reverse mortgages), FHA single family mortgage loans, and Fannie Mae conforming loans. LWF is headquartered in Richmond, Virginia and has 3 retail origination branches, 2 in Richmond, Virginia and 1 in San Diego, California, with origination capabilities throughout the United States.[2]

History

Live Well Financial, Inc. was founded in April 2005 by Michael C. Hild, chairman and chief executive officer.[3] In August 2005 the company received approval as a HUD Approved Mortgagee. In August 2006 the company was approved as a seller/servicer of HECM with the Federal National Mortgage Association (FNMA).[2] In March 2011 the company was approved for HUD Federal Housing Administration (FHA) single-family FHA loans.[4] In February 2012 the company was approved as a Government National Mortgage Association (GNMA) Home Equity Conversion Mortgage-Backed Security (HMBS) issuer and issued its first HMBS in April of that year.[5] In March 2013 the company was approved for GNMA MBS loans.[6] In June 2013 the company was approved as a seller/servicer of traditional mortgages with FNMA.[7]

During the first quarter of 2014 the company opened a retail call center in San Diego, CA. And in the fourth quarter of 2014 it opened a retail call center in Richmond, VA.[2] In August 2014 the company acquired a securities portfolio with a balance exceeding $530 million (notional) and hired a NYC based trading team.[8] LWF has originated and serviced more than $3.3 billion in mortgage loans in the U.S. and Puerto Rico. [9][10]

Scope

The company originates FHA Insured HECM reverse mortgages, FHA single-family loans, Ginnie Mae HMBS and MBS mortgages, and Fannie Mae conforming loans.[2][4][6] LWF is HUD approved in 81 geographical areas.[11] LWF has approximately 300 employees, including loan officers, account executives, and support personnel.[12]

LWF is vertically integrated, with a full complement of products and business lines including origination, servicing and investment management. Licensed in 46 states with a full suite of regulatory approvals including HUD, FHA, GNMA, and FNMA.[2][1][5]

References

  1. 1 2 "NMLS Consumer Access". Retrieved 1 April 2016.
  2. 1 2 3 4 5 "Lender List". Retrieved 1 April 2016.
  3. ↑ "Getting to Know: Michael C. Hild". Richmond Times Dispatch. March 26, 2015. Retrieved 1 April 2016.
  4. 1 2 "Desktop Originator Sponsoring Lenders". Fannie Mae. Retrieved 1 April 2016.
  5. 1 2 Ecker, Elizabeth. "After 3-Year Wait, Live Well Gets GNMA HMBS Approval". Reverse Mortgage Daily. Retrieved 1 April 2016.
  6. 1 2 "Approved Single-Family Issuers". Ginnie Mae. Retrieved 1 April 2016.
  7. ↑ Oliva, Jason. "ReverseVision Adds Live Well, Mason-McDuffie to Lender Roster". Reverse Mortgage Daily. Retrieved 1 April 2016.
  8. ↑ "Live Well Financial Acquires Asset Portfolio & Hires NYC based Trading Desk Team". Richmond BizSense. Retrieved 1 April 2016.
  9. ↑ Hazard, Carol. "From mortgages to oysters, Michael Hild is a builder of businesses". Richmond Times Dispatch. Retrieved 1 April 2016.
  10. ↑ "Consolidated Data History". Ginnie Mae. Retrieved 1 April 2016.
  11. ↑ U.S. Department of Housing and Urban Development. "Lender: LIVE WELL FINANCIAL INC". Lender AAFB Data. Retrieved 1 April 2016.
  12. ↑ Hazard, Carol. "Chesterfield-based Live Well Financial to add 120 jobs". Richmond Times Dispatch. Retrieved 1 April 2016.

External links

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