AAG Reverse is a lender that only specializes in originating reverse mortgage loans. AAG reverse is a recognized leader in the reverse mortgage industry, dedicated to providing seniors with quality customer service. AAG provides a free DVD and brochure to those looking to find out if a reverse mortgage is right for them and offers both fixed rate and adjustable rate reverse mortgage. AAG recently hired former Senator Fred Thompson as their spokesperson in an effort to dispel some of the negative publicity surrounding reverse mortgages.
Bank of America Reverse Mortgage was the nation's second leading reverse mortgage originator with a market share of close to 10%, prior from its exit from the market. Bank of America Reverse Mortgage offered plenty of online information, tools, and calculators that helped seniors evaluate a reverse mortgage.
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Financial Freedom was a nationwide originator of reverse mortgages. It ceased lending in March 2011, and blamed "the regulatory environment" for the change. At one time, Financial Freedom was a major lender in the HECM reverse mortgage market. It started originating and servicing reverse mortgage loans in the late 1980s. Today, it continues to service its loans as a subsidiary of OneWest Bank.
Golden Gateway, founded in 2006, stopped offering reverse mortgages in 2010. At the time it exited the market, it was top 50 reverse mortgage lender. The Web site for Golden Gateway is no longer operative, so there is no longer access to a very strong reverse mortgage calculator they offered.
Genworth Financial Home Equity Access, was the part of Genworth Financial that offered reverse mortgages. Genworth Financial is an international financial company offering many products, including, life insurance, annuities, etc. Genworth's reverse mortgage division was purchased by Ocwen Financial Corporation in late 2012, in a deal that closed in April 2013. Genworth originally entered the reverse mortgage business in 2007, when it acquired Liberty Reverse Mortgage. As a reverse mortgage originator, Genworth Financial Home Equity Access has been ranked in the top 20 US HECM Lenders.
Deciding who to go to for a reverse mortgage can be a daunting task when looking to secure a loan. That is why Bills.com has compiled a list of profiles on the nation's most reputable reverse mortgage lenders. Learn about the background of each lender and read real reviews from previous customers about their experiences. Find if a lender offers not only great rates, but also provides superior customer service.