Wholesale Pipeline Coordinator

Longbridge posts $30M Q2 profit as reverse originations jump 38%. Longbridge Financial generated $30.2 million in net income attributable to common stockholders in the second quarter of 2026, as reverse mortgage originations climbed sharply and proprietary production continued to account for more than half of its business. Parent company Ellington Financial reported total net income attributable to common stockholders of $54.4 million, or $0.43 per share, for the quarter ended June 30. Longbridge also contributed $28.9 million in adjusted distributable earnings, or $0.23 per share. Ellington President and CEO Laurence Penn said Longbridge had once again delivered "exceptional performance," pointing to the advantages of the company's vertically integrated reverse mortgage platform. Longbridge originated $589.7 million in reverse mortgage loans during the quarter, up 38% from the same period in 2025 and up from $515.4 million in the first quarter of 2026. But the composition of that production is also noteworthy. Proprietary volume remains larger than HECM production. Longbridge originated $316.2 million in proprietary reverse mortgages during Q2, representing 54% of its total origination dollar volume. HECM production totaled $273.5 million, accounting for the remaining 46%. The proprietary category includes Longbridge's home equity line of credit product designed for homeowners aged 62 and older. While proprietary dollar volume was higher than HECM volume, HECMs remained much larger by loan count. Longbridge originated 1,982 HECMs during the quarter compared with 673 proprietary reverse mortgage loans, for total production of 2,655 loans. That distinction is important. The results do not necessarily indicate that proprietary products are overtaking HECMs in terms of borrower numbers. Rather, they show the increasingly significant contribution proprietary products can make to overall reverse mortgage dollar volume. Wholesale and correspondent channels remained central to both parts of the business. Around 72% of proprietary production came through those channels, compared with 73% of HECM production. Securitization supports strong quarter. Longbridge completed two proprietary reverse mortgage securitizations during Q2. Ellington said originations made a strong contribution to the quarter, supported by gains associated with those securitizations as well as continued robust origination volumes and margins. Servicing also made a positive contribution, driven by tail securitization executions and steady base servicing income. Ellington CFO JR Herlihy told investors that Longbridge benefited from "strong volumes, healthy margins" and gains from the two proprietary securitizations, which he described as the company's strongest financing execution to date for the product based on overall debt spreads. Despite higher production, Longbridge's net portfolio declined 7% sequentially to $649.3 million at June 30, as loans securitized during the quarter more than offset portfolio growth. HMBS market share reaches record 29%. Longbridge also strengthened its position in the HECM securities market. Its HMBS market share reached a new quarterly high of 29%, making Longbridge the No. 2 issuer in the market, according to Bloomberg data cited by Ellington. The result provides another measure of Longbridge's growing scale across reverse mortgage origination, servicing and securitization. Momentum continues into Q3. Longbridge also began reporting loan submission growth, with submissions increasing 17% from the first quarter and 34% compared with the same period a year earlier. The company cautioned that not every submission ultimately converts into a funded loan, but said submissions can provide a leading indicator of future origination volumes. And according to Herlihy, momentum continued after the end of the quarter. July marked Longbridge's highest-ever month for both proprietary reverse mortgage originations and submissions. What it means for reverse. The Longbridge numbers add to a picture that has been emerging across the reverse mortgage market: industry growth is increasingly about more than HECM production alone. HECM remains central to Longbridge's platform. The company originated nearly $274 million in HECMs during Q2, produced almost 2,000 HECM loans and reached a record 29% share of HMBS issuance. At the same time, proprietary products represented 54% of Longbridge's origination dollars during the quarter. And Ellington itself is pointing to market conditions as one factor behind that shift. Penn told investors that when rates are low, FHA principal limit factors can make HECMs more competitive, while higher-rate environments can favor proprietary products. In some cases, he said, the proprietary product is taking market share from the government-insured product. For the broader reverse mortgage industry, that is arguably the most significant takeaway from Longbridge's quarter. Rather than viewing proprietary reverse mortgages simply as an alternative for borrowers who fall outside traditional HECM parameters, the numbers increasingly suggest they are becoming a meaningful component of the industry's overall product mix, and an important source of dollar-volume growth alongside HECM. Andrew montesi. Andrew is Publisher at HECM World and President of Reverse Focus. Andrew is a leader in business growth, branding and media. Over 20+ years he has worked as a TV reporter and producer, built tech companies and founded a thriving marketing agency. Over the last decade he has helped many brands in the mortgage, property and professional services industries start up, grow and transform. No comment yet, add your voice below!

Bill Packer, Longbridge Financial COO, named a 2026 HousingWire Insider. * Aug 4, 2026 Updated 49 mins ago Longbridge Financial, a nationally recognized mortgage lender and servicer focused on helping older homeowners access their home equity, today announced that Chief Operating Officer Bill Packer has been named to HousingWire's 2026 Insiders, a national recognition honoring 85 operational leaders whose work drives innovation and measurable results across the housing industry. Bill Packer, Chief Operating Officer of Longbridge Financial, has been named a 2026 HousingWire Insider, a national recognition honoring operational leaders whose work drives innovation and measurable results across the housing industry. Now in its 11th year, HousingWire's Insiders award recognizes the professionals whose behind-the-scenes work fuels innovation, strengthens organizations and delivers business results. Honorees were selected by HousingWire's committee based on the significance of their contributions, their leadership in execution and the measurable impact they have made within their organizations and across the industry. Packer earned the recognition for his role advancing Longbridge's operational and technology strategy over the past year. As COO, he has led the adoption of AI-powered tools and workflow innovations that improve efficiency, strengthen scalability and enhance the borrower experience, from AI empowered programs [LV1] [TC2] to automated pre-underwriting capabilities developed through technology partnerships. He has done so while maintaining the rigorous compliance standards required in a highly regulated lending environment. "Bill sees where this industry is heading and he builds for it," said Chris Mayer, PhD, CEO of Longbridge Financial. "He has a rare gift for taking new technology and turning it into something that genuinely makes life easier for our borrowers, our wholesale customers, and our internal teams. This honor is well earned, and it reflects the kind of leader he is every single day." "You do not always see the work Bill does, but you feel it in everything from how quickly we can serve a customer to how confidently our teams show up," said Melissa Macerato, Chief Revenue and Marketing Officer at Longbridge Financial. "He makes everyone around him better, and this recognition shines a light on someone who spends most of his time making sure everyone else shines first." Beyond Longbridge, Packer is an active member of the Mortgage Bankers Association, including its newly formed Senior Mortgage Solutions Network, where he collaborates with industry leaders to advance senior home equity lending. The 2026 Insiders class spans mortgage lending and servicing, real estate, technology and finance. The award celebrates professionals who solve complex challenges and lead critical initiatives behind the scenes, work that is essential both to their organizations and to the continued advancement of the housing industry. About Longbridge Financial Longbridge Financial, LLC (NMLS #957935), is a nationally recognized mortgage lender and servicer focused on helping older homeowners access their home equity through flexible, responsible lending solutions designed to support a more secure retirement. Founded in 2012 and led by a respected Ivy League professor, the company combines deep industry expertise with a strong commitment to education, innovation, and transparency. Guided by a mission to empower aging Americans, Longbridge Financial provides the tools and insights they need to help make confident financial decisions in or near retirement. Media gallery Sections. Newsletters. News update. Would you like to receive its daily news? Signup today!

Longbridge Financial CEO chris Mayer earns fourth consecutive Inman Best of Finance Award. Award marks continued recognition of Mayer's leadership in expanding home equity access and retirement security for older Americans Christopher Mayer, PhD, CEO of Longbridge Financial and Paul Milstein Professor Emeritus of Real Estate at Columbia Business School, has been named an Inman Best of Finance Award winner for the fourth consecutive year. PARAMUS, N.J.-(BUSINESS WIRE)-Longbridge Financial, a leading national mortgage lender and servicer specializing in home equity solutions for older Americans, today announced that CEO Christopher Mayer, PhD, has been named to Inman's 2026 Best of Finance list for the fourth consecutive year. "Older Americans are sitting on record levels of home equity at a time when retirement savings gaps have never been more visible." - Christopher Mayer, PhD, CEO, Longbridge Financial Share The annual award recognizes top executives, advisors, and entrepreneurs transforming the residential lending and real estate finance sectors. Under Mayer's leadership, Longbridge has expanded its proprietary product suite, including Platinum Preserve, and in 2025 launched HELOC For Seniors(R), the first-of-its-kind HELOC product designed specifically to meet the needs of older homeowners. "Being recognized by Inman four years in a row is a great honor, and it's a reflection of the team we've built at Longbridge," Mayer said. "We remain focused on developing responsible, flexible solutions that give older homeowners more choices and more confidence as they look to live their best life in retirement." Mayer, an economist and emeritus professor at Columbia Business School, has led Longbridge's growth from a startup in 2013 to one of the nation's largest reverse mortgage lender and the largest wholesale lender. The company's portfolio includes Home Equity Conversion Mortgages (HECMs), its proprietary Platinum suite of products, and HELOC For Seniors. Product innovation at Longbridge comes against a backdrop of growing financial pressure, and opportunity, for older Americans. According to the NRMLA/RiskSpan Reverse Mortgage Market Index, homeowners 62 and older are sitting on a record $14.66 trillion in home equity as of Q3 2025. Yet a 2025 Vanguard study found that only about 40% of baby boomers nearing retirement are expected to have sufficient wealth to maintain their lifestyle - suggesting that for millions of seniors, home equity may be their most underutilized financial asset. It's a gap Longbridge is building products to address. "The data paints a clear picture - older Americans are sitting on record levels of home equity at a time when retirement savings gaps have never been more visible. At Longbridge, we're building products that help seniors turn their largest asset into lasting financial security, with the choice and dignity they deserve." The full list of Inman's 2026 Best of Finance honorees is available at Inman.com. About Longbridge Financial Longbridge Financial, LLC (NMLS #957935), is a nationally recognized mortgage lender and servicer focused on helping older homeowners access their home equity through flexible, responsible lending solutions designed to support a more secure retirement. Founded in 2012 and led by a respected Ivy League professor, the company combines deep industry expertise with a strong commitment to education, innovation, and transparency. Guided by a mission to empower aging Americans, Longbridge Financial provides the tools and insights they need to help make confident financial decisions in or near retirement.