Product Diversification Sweeps Reverse Mortgage Industry

Reverse mortgage giant American Advisors Group’s recent announcement that it’s officially a “product-agnostic” company was sure to prick up the ears of entrepreneurial-minded reverse mortgage originators around the country, wondering what the change means for them. AAG’s new business model includes a new forward lending division and real estate brokerage. The Orange, Calif.-based firm’s reworked marketing […]

Mutual of Omaha Bank Finalizes Purchase of Synergy One

Mutual of Omaha Bank on Monday completed its purchase of Synergy One Lending, Inc., cementing its entrance into the reverse mortgage marketplace. The two parties received regulatory approval from the Office of the Comptroller of the Currency earlier this month, Mutual of Omaha Bank said Tuesday, with the transaction formally closing on July 16. The […]

Why Mutual of Omaha Bank Bet on Reverse Mortgages in Stormy Times

Mutual of Omaha Bank made a major move into the reverse mortgage space earlier this month with the acquisition of Synergy One Lending and its Retirement Funding Solutions brand. If the timing seemed suspect to industry watchers — with plummeting demand for the products amid lower principal limit factors — the executive in charge of […]

Reverse Mortgage Must Reads: Expansion Down Under, Mutual of Omaha

In case you missed them the first time around, reset your industry knowledge with a look at the top stories from the last seven days — including a peek at reverse mortgages down under, and the blockbuster entrance of a new player into the space. Australian Government Rolls Out Universal Reverse Mortgage Plan — In a […]