(PRLEAP.COM) Security Reverse Mortgage has launched a new program aimed at individual loan officers and small to mid-sized mortgage brokerages. The Affiliate Broker program allows mortgage originators the ability to offer FHA’s Home Equity Conversion Mortgage to their clients. Now they can earn fees on reverse mortgages without being approved through HUD.
“ Our new program partners with originators. ”
Security Reverse Mortgage has an answer for a slower mortgage market. Mortgage originators can now increase income and stabilize their business by offering reverse mortgages to their clients.
"With Reverse mortgages expected to grow a staggering 455% by 2009 any originator would be wise to integrate reverse mortgages into their business." Said Tane Cabe, President of Security Reverse Mortgage. Most originators and loan officers are feeling the pinch of a slower market. To survive and thrive in the business originators need to be looking for other income streams.
Security Reverse Mortgage handles the processing and closing of the reverse mortgage. The Affiliate Broker simply provides basic information on the reverse mortgage client. Once the loan is closed the Affiliate Broker is immediately paid.
"The Affiliate program helps those originators that are looking to add a steady stream of revenue to their business without having to immerse themselves in learning how to process and close reverse mortgages. Our new program partners with originators. They refer clients and we handle the rest; processing through closing.", Said Mr. Cabe
Security reverse offers a marketing kit to help the Affiliate Broker get started. The basic marketing kit is free to those that sign up for the program. The kit includes letter templates and scripts to help the Affiliate Broker get immediate business.
A new website has been launched for originators interested in becoming a Affiliate Broker. The new website is
www.securityreversebrokers.com
The program is being offered in the following States: Washington, Oregon, California, Utah, Colorado and Florida. Other States will be open in coming months.
About Security Reverse Mortgage
Founded in 1997, Gig Harbor, WA - Based Security Reverse Mortgage uses unique educational tools to inform seniors about reverse mortgage optoins. For more information, contact Tan Cabe, President of Security Reverse Mortgage. he can be reached at 3220 Rosedale Street, Suite 100 Gig harbor, WA 98335 phone (253)853-5805 OR toll free at (800) 490-4287.
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