Effective March 24, 2022, Lansing, MI-based Celink has been awarded the contract to service all Home Equity Conversion Mortgages currently assigned to the Department of Housing and Urban Development.
“NRMLA has long advocated for a change to the HECM contract subservicer, and we are pleased this loan administration will be assumed by a team of subject matter experts with state-of-the-art HECM servicing technology,” says NRMLA President Steve Irwin.
Celink’s CEO, Marion McDougall, adds, “We are delighted to be partnering with HUD on this important assignment and believe the significant investments made over the past five years in Celink’s management capabilities and technology platform have positioned the company to continue its leadership position in the increasingly important reverse mortgage marketplace. We look forward to partnering with the HUD team and offering exceptional customer service, and operational effectiveness to HUD and all the HECM borrowers.”
