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Celink

From EverybodyWiki Bios & Wiki



Celink Corporation (branded as Compu-Link) is the debt servicing contractor of the United States Department of Housing and Urban Development (HUD) for secretary-held Home Equity Conversion Mortgages, or reverse mortgages.[1][2] They took over in this capacity from the previous contractor, Novad Management Consulting,[3] on December 12, 2022.[4] A privately owned company founded in 1969, it is active in all 50 states,[1] and is the nation’s leading subservicer of reverse mortgages.[5] It is not, however, BBB accredited.[6]

It is not associated with Compulink Cable Assemblies of Florida, a computer hardware firm which is a division of kSaria.[7]

References

  1. 1.0 1.1 Branson, Michael G. (Jun 7, 2024). "What to Expect When Your Reverse Mortgage is Assigned to HUD". reverse.mortgage.
  2. "Definitive Contract 86614925C00001". govtribe.com.
  3. "CFPB Permanently Bans Former HECM Servicer | Inside Mortgage Finance". www.insidemortgagefinance.com.
  4. Clow, Chris. "Celink takes over as HUD's HECM servicing contractor". housingwire.com.
  5. "Celink Receives HUD Award for Contract to Service Home Equity Conversion Mortgages (HECM)". PR Newswire (Press release).
  6. "Compu-Link Corporation | BBB Business Profile | Better Business Bureau". www.bbb.org.
  7. "Contact us".

External links



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