The Right Program, the Right Time, the Right Reasons
The 1st Reverse Mortgage USA Lender Network is comprised of regional and community banks, credit unions and FHA approved mortgage bankers, all of whom are dedicated to the best practice approach and strong ethical lending habits. Our network members recognize that education is the key to success in offering reverse mortgages, as they are the most highly regulated loans in the industry. Couple this with lending to the most protected class, Senior Citizens; reverse mortgages are not simply another mortgage product. However, our members are committed to being the trusted advisor, offering great customer service and being a resource for their customers and therefore a resource for reverse mortgages. Why this commitment. Past surveys have shown that 8 out of 10 Seniors today, first seek financial  guidance from their local bank, credit union or trusted Mortgage Banker.
By the end of 2009, over half a million senior households will have received a direct benefit from a reverse mortgage; and more remarkable is that 82% of all these transactions have been completed in just the last five years. Education has been the primary contributing factor in the growing acceptance of this program as a safe and effective tool for providing additional financial resources so badly needed by many of today’s seniors. These numbers and this program will continue to grow: Reverse Mortgage for Home Purchase is now Available. It is estimated that nearly 10,000 people a day in the United States are turning 62 years of age. Today’s economic challenges are hitting the senior population the hardest. Investment portfolios are down, cost of living is up. Seniors are looking for a safe solution to their financial challenges
As a direct result of the growing interest in this product, it has become increasingly more important that financial institutions be, at a minimum, more informed about the program and more importantly, become a resource for their clients to secure a reverse mortgage.
Members of the 1st Reverse Mortgage USA Lender Network® are provided with a turnkey opportunity to make reverse mortgages available to their senior depositors, attract new depositors, and create an additional income stream and all with little to no investment and an absolute minimum in program maintenance.
Delivering this product in a business-to-business model is what we do. Our entire staff is guided by three basic principles: Simplicity of work flow, ongoing training & support, and honoring and maintaining the integrity of the relationship between you and your clients. We welcome your questions and look forward to discussing our program with you.
If you are interested in learning more about the 1st Reverse Mortgage USA Lender Network, please contact Tim Harder, Vice President-Business Development for 1st Reverse Mortgage USA:
Toll Free 1-877-217-0166, Direct at 303-854-3030 or Click Here |
