Wholesale and Correspondent Lending

734.669.8000  |  866.669.8100

1st Nations Reverse Mortgage

800.720.7003  |  855.459.6663

Blueprint for Success

Why Offer Reverse Mortgages?

Why offer reverse mortgages? Simple. To meet more of your senior clients’ needs!

Reverse mortgages are not new. In fact, the most popular type of reverse mortgage loan – the FHA-insured Home Equity Conversion Mortgage (HECM) – has been available to senior homeowners since 1991. Currently more than 1 million senior households nationwide rely on this highly accessible and flexible tool to help meet their financial needs in retirement.

By partnering with 1st Nations Reverse Mortgages, you can add reverse mortgage lending to your product line. This will give you more to offer to your senior clients – and more to help them improve their lives.

5 Ways That Reverse Mortgages Create More Opportunities for Your Financial Institution

  1. Reverse mortgages create an additional revenue source with no disruption to your core business.
  2. The 1st Nations Concierge Team provides hands-on, no-hassle assistance with every applicant.
  3. Training for lending team comes from nationally recognized experts in reverse mortgages.
  4. Reverse mortgages increase your referral sources among realtors, financial planners, and attorneys.
  5. Offering the HECM loan helps set you apart from competitors – and win preference from your senior clients.

Let us get you started in the reverse mortgage business today.

TURN TIMES for March 22, 2019

UnderwritingBusiness Days
ConventionalPurchase1-2
ConventionalRefinance1-2
GovernmentPurchase1-2
GovernmentRefinance1-2
HVF Ordered AppraisalsPurchase7
Refinance7
Appraisal Inspection Date3-5
CAD Review1
Purchase Funding1-2
Broker Closing Documents2
UW Conditions Received Before 2 PM EST2
All turn times posted reflect document packages received before 2PM EST

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