Guardian First is one of the leaders in the reverse mortgage industry and only offers reverse mortgages. Guardian First is a member of the NRMLA and is ranked in the top 20 of US HECM lenders. Guardian First provides a free online tutorial video on their site, a free educational DVD upon request, and contact information for HUD approved counselors.
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.
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.
Urban Financial Group is the largest reverse mortgage originator in the Midwest and is among the top 10 national HECM (reverse mortgage) lenders. Urban Financial Group sets a goal to provide consumers with excellent professional service. Urban Financial Group is an independent, full service mortgage company operating in Oklahoma, Kansas, Missouri, Colorado, Illinois, Indiana, Wisconsin, and Michigan.
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.
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.