Reverse Mortgage magazine Nov-Dec 2020

Member Profiles Who’s Who in Reverse Mortgages Allegiant Reverse Services, a division of FNC Title Services, LLC Allegiant Reverse Services, a division of FNC Title Services, LLC., is a full-service title and settlement company with a national footprint. Our seasoned staff is regarded as the most knowledgeable and professional team in the industry. Additionally, we are backed by the top two underwriters in the nation. Fidelity National Title and First American Title provide the comprehensive coverage, stabil- ity and security our borrowers and lenders deserve. This along with our steadfast dedication and loyalty to the reverse mortgage industry continues to make us the partner you can depend on. Megan Hafenstein, Vice President megan@allegiantreverse.com • 844-808-8299 • allegiantreverse.com American Advisors Group (AAG) AAG is dedicated to helping older Americans find new ways to fund a better retirement through the responsible use of home equity. As the nation’s leader in reverse mort- gage lending, AAG offers a suite of home equity solutions – including federally-insured Home Equity Conversion Mortgages, traditional and proprietary mortgages, and real estate services – that are designed to give seniors a better financial outcome in retirement. AAG is a proud member of the National Reverse Mortgage Lenders Association (NRMLA). To learn more about AAG and reverse mortgage loans, please visit the company’s website at www.aag.com/wholesale. Tabatha Addison, Vice President, Business Development & Training taddison@aag.com • (866) 964-1109 • www.aag.com/wholesale Celink People – We are a team of committed and ethical reverse mortgage servicing professionals and sub- ject matter experts. Platform – ReverseServ™ is Celink’s proprietary reverse mortgage servicing platform. Process – Celink manages thousands of line of credit requests, files hun- dreds of claims to HUD, and may process between two to 5,000 monthly prepayments, foreclosures, due & payables, and T&I defaults. Partners – Celink has long-term and mutually-profitable relationships with very reputable names in the reverse mortgage industry. Passion – Celink is dedicated to its clients, their borrowers, and the reverse mortgage industry-at-large. Contact: Katie Rizzo, Director of Client Relations 517-703-1857 • www.celink.com Finance of America Reverse LLC FAR is the nation’s #1 Wholesale Reverse Mortgage Lender* and Innovation Leader, pav- ing the way forward. FAR pioneered the most comprehensive suite of proprietary products in the market with LOC, Fixed with Flex Payment Options, and Second Lien offerings to create more opportunity for our partners to help Americans get to work on retirement. *Since December 2011. Based on trailing 12 months’ endorsement volume. Source: Reverse Market Insight. Jonathan Scarpati, VP 516-445-9465 • jscarpati@fareverse.com • www.farwholesale.com Profiles of Member Companies Member News RMF Launches Equity Elite® Line of Credit Option Reverse Mortgage Funding LLC (RMF), Bloomfield, NJ, launched its proprietary product’s line of credit option. RMF says the Equity Elite® Line of Credit combines the power of a traditional Home Equity Line of Credit and the flexibility of a reverse mortgage into one product, plus: • A reusable line of credit that grows at 1.5 percent annually for seven years; • Access to more available funds for borrowers with higher-value homes—up to $3 million; • No mortgage insurance premium, meaning low up-front costs; and • No pre-defined loan maturity date, unlike a HELOC. “Older Americans enjoy the comfort and security of having an emergency line of credit in place to help fund the unexpected. And let’s face it, we are living in unexpected times. But traditional home equity loans can have shortfalls for those age 60 and older—as lending requirements are stricter and minimum monthly payments are mandatory,” says David Peskin, president of RMF. “So, we designed the Equity Elite® Line of Credit option with flexibility and more than just one type of customer in mind.” The Equity Elite Line of Credit option is initially available in California and Florida through RMF’s retail and third-party origination (TPO) broker channels. The product option will be expanded to additional states. NRMLA Congratulates New CRMPs NRMLA congratulates the following individuals for becoming Certified Reverse Mortgage Professionals: • Warren Barrett, C2 Financial Corp., San Diego, CA; • Kim Buckley, C2 Financial Corp., Alpine, CA; • Danny Hirsch, C2 Financial Corp., Pinole, CA; • Thomas Kerrins, C2 Financial Corp., Danville, CA; • Renee Konstantine, C2 Financial Corp., San Diego, CA; • David M. Leslie, Mutual of Omaha Mortgage, Grapevine, TX; • Rosemarie Litoff, C2 Financial Corp., San Diego, CA; • Gary L. Mickey, C2 Financial Corp., Menifee, CA; and • Craig Murdoch, C2 Financial Corp., Wildomar, CA. Welcome, New Members NRMLA welcomes our newest members: • American Bank & Trust Co., based in Dallas, TX; • Appraisal Logistics, based in Annapolis, MD; and • Christensen Financial Inc., based in Longwood, FL. Member Profiles continued on page 34 REVERSE MORTGAGE / NOVEMBER-DECEMBER 2020 33