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Lender Signs Agreement with Police Credit Union to Offer Reverse Mortgages

NewImageCalifornia Reverse Mortgage Consultants (CRMC) announced it has added an exclusive agreement with San Francisco Police Credit Union to offer members reverse mortgages.

Ron Kamler, president of CRMC, said the partnership provides members with a “Service Promise” that represents putting their Members needs “First and Foremost” parallels with CRMC’s commitment to Credit Union Members.

“When a member has an inquiry, it’s important that they are provided a complete education of reverse mortgage both the pros and cons,” said Kamler.  “Credit unions as a whole, expect their partners to provide their members with the highest level of service.”

Started in 1953, SFPCU has over 28,000 members and has grown to over $600 million in assets according to its website.  At SFPCU, the bank returns all income after operating expenses and reserves to members in the form of dividends (interest) on savings and other valuable benefits.

CRMC works with five different credit unions and accounts for 55% of its overall business.

For more information on CRMC, see its listing on ReverseBase.