Seattle Mortgage has announced that their reverse mortgage borrowers will have the option to use QuickChecks (SM) to pay for everyday expenses. Quick Checks (SM) allows reveres mortgage borrowers to write a check instead of having to fax in a request for funds to the servicer. I think this is a great feature that you can offer to your borrower and its a great way for Seattle Mortgage to retain reverse mortgage borrowers. As far as I know they are the only ones offering this option at the moment. To read the full press release click the link below.
Seattle Mortgage Introduces Reverse Mortgage Checking
Technorati tags: Reverse Mortgage, Seattle Mortgage, Senior Finance, HECM
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Seattle Mortgage Lowers Reverse Mortgage Margin « Reverse Mortgage Daily // February 28, 2007 at 2:05 am |
[...] the last week Seattle Mortgage has released the Reverse Mortgage Checking Option and now the option to lower the margin on their proprietary product. I am expecting things to get [...]