Reverse mortgage originator Security One Lending has launched a new online portal to help link financial planners and retirement planners with reverse mortgage education to broaden their knowledge of options for their clients.
The financial advisor portal, coined “Funding Longevity,” allows financial advisors to determine whether a reverse mortgage used in combination with other asset management or investment strategies can help prevent clients from outliving their assets. It also includes reverse mortgage information including myths and facts about the programs available.
The portal is just one of a series of current projects under way in a new “business incubator” under Security One’s leadership.
“Our sales force is made up of some of the best professionals in the industry, all of whom are committed to the financial well-being of the senior homeowner,” said Torrey Larsen, EVP and President of Retail Lending of RMS/S1L. “To that end, S1L has established a formal ‘business incubator’ that has been designed to perfect the most important growth initiatives for the industry.”
The Funding Longevity online portal is one initiative out of four currently in progress, managed within the incubator leadership team.
“We will leverage the team’s collective knowledge and experience to deliver the best possible service to our referral partners and their customers,” Larsen said.
Security One was acquired by Walter Investment Management Corp. this year, following Walter’s acquisition of Reverse Mortgage Solutions in 2012, and says it is committed to the future of the reverse mortgage industry and building new value propositions for the market as a whole, not a single company.
“Our customers (Originators) can rest assured that we are building a variety of business channels and initiatives that will move the needle for the retail business and secure relationships that have been difficult to reach during the past five years,” said Mike Kent, executive vice president and president of RMS’s origination business. “RMS is very excited about these growth opportunities and the thoughtful process we have engaged to do it the right way.”
Written by Elizabeth Ecker
