Security One Teams With Credit Union to Offer Reverse Mortgages

Security One Lending has teamed with Columbia Credit Union to offer reverse mortgages to Columbia’s members.

Top-10 lender reverse mortgage lender Security One says the agreement with Vancouver, Wash.-based Columbia Credit Union provides an opportunity to expand S1L’s reach in working with the credit union’s members.

““Our program provides a non-competitive solution for forward thinking financial institutions, like Columbia Credit Union, to leverage our knowledge and proven systems while protecting their members,” said Security One Lending President Torrey Larsen.

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Columbia sees an equal opportunity in being able to direct its members to a single reverse mortgage lender.

“This agreement is the perfect complement to Columbia’s wide variety of mortgage programs,” said Bill Fulk. Columbia Credit Union SVP/Chief Lending Officer. “We were extremely diligent in our partnership selection process, and we’re pleased to refer our senior members to a company that will provide them with the education, care and service they need to make informed decisions on reverse mortgages.”

San Diego-based S1L closed 763 reverse mortgages in 2010, according to data from ReverseBase.

Written by Elizabeth Ecker

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