Top-10 Reverse Mortgage Lender Donates to Cancer Research Organization

A top-10 reverse mortgage lender embraced the spirit of giving this holiday season with a generous donation to a charitable organization that focuses on treatment and research of children with cancer.

Mahwah, N.J.-based lender Nationwide Equities recently ran a gift giving campaign whereby employees were asked to donate to St. Jude Children’s Hospital, in which the company then matched the employees’ contributions dollar for dollar.

At a ceremony held at the corporate offices of Nationwide Equities, the company presented a check to Pamela Geiger, program director for St. Jude, in the amount of $15,185. The donation was the result of the participation of almost the entire Nationwide Equities staff of over 140 people.

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“It was very heart-warming that the entire company got involved in this very worthy cause,” said Glenn Wallace, president at Nationwide Equities, in a press release.

Since opening its doors more than 50 years ago, St. Jude Children’s Hospital has made a remarkable impact on the lives of children all over the world. The research and treatments developed at St. Jude—and institutions elsewhere—have helped bring survival rates for pediatric cancer up from 20% in the 1960s to as high as 80% or more in the United States today, according to the organization’s website.

A large part of every dollar donated to the Hospital is given directly to the treatment and care for the children and their families. Unlike any hospital, the majority of the organization’s funding comes from individual contributions. And thanks to the generous donors, families never receive a bill from St. Jude.

“We support several charities during the year, however, this is the first time we got all the employees involved and it was a total group effort,” said Nationwide Equities CEO Paul Lamparillo.

A leading reverse mortgage industry lender, Nationwide Equities ranked among the top-10 largest lenders by volume year-to-date in 2016 through November with 1,094 Home Equity Conversion Mortgages, an increase of 137% from the comparable period in 2015, according to recent industry data tracked by Reverse Market Insight.

Written by Jason Oliva