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'Lenders' Category Archives

Bank of America Reverse Mortgage Review 2019

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Back in the early 2000s, much of the volume of reverse mortgages in the U.S. was attributed to big banks, including Bank of America. Today, that landscape has changed. Bank of America began in the reverse mortgage space with a small retail channel, before ramping up its operations through the acquisition of Seattle Mortgage’s reverse mortgage business in 2007....
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Wells Fargo Reverse Mortgage Review 2019

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Many years ago, some of the biggest banks in the nation offered reverse mortgages. Among them, Wells Fargo was one of the largest lenders in the U.S. Home Equity Conversion Mortgage (HECM) market. Today that is no longer the case. Wells Fargo was at one time the largest reverse mortgage lender in the country. It was only a short time...
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How to Avoid Problems with a Reverse Mortgage Lender-Servicer

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What's the most effective legal way to avoid any expected problems with a new reverse mortgage lender? -Alfred Hello Alfred, This is a very open question.  There are several ways to handle issues with lenders, but it depends on the issue you are having.  And when you say, “expected problems with a new reverse mortgage lender”, that...
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5 Memorable Reverse Mortgage Spokesmen

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5 Memorable Reverse Mortgage Spokesmen Reverse mortgages have had many famous faces over the years. From iconic television and film actors to a one-time U.S. presidential candidate, celebrities from all walks of life have espoused the many advantages that a reverse mortgage can provide for older homeowners in their retirement years. While spokesmen have come and gone over the...
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Getting a Reverse Mortgage Online -vs- in Person

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Making the decision to apply for a reverse mortgage is a large decision in and of itself, but once you do decide you’re ready, you will have a choice to make whether you want to work with a loan officer over the phone or in person. You can complete a reverse mortgage in person with a local loan officer...
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Don’t be Rushed by Reverse Mortgage Celebrity Call Centers

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I usually write articles and blogs based on the current state of affairs in our industry or based on the feedback I'm getting from customers at the time.  It seems that now more than ever, I'm getting online blog requests and calls from borrowers who are telling me that they are feeling a lot of pressure from loan originators on...
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Tennessee’s #1 Rated Reverse Mortgage Lender (A+ BBB 5 Stars!)

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Tennessee is turning into an attractive retirement destination thanks to the fairly recent introduction of retiree-friendly tax laws and an overall lower-than-average cost of living. If you live in Tennessee already or are thinking about moving to or within the state, here are some ways a reverse mortgage could help. The federally-insured Home Equity Conversion Mortgage (HECM)...
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