The San Diego based reverse lender offers a menu of options that ABA lenders can choose from to meet the “the level of support that best fits their goals,” according to Bill Kroll, president of ABA’s Business Solutions.
“Community bank customers inquire about reverse mortgages, and this program makes it possible for smaller banks to offer them locally,” Kroll said.
Security One Lending is a top 10 ranked reverse lender. Senior vice president Michael Mooney heads up its wholesale lending unit. Until recently Mooney was in charge of MetLife Home Loans’ wholesale reverse mortgage program. The insurance giant exited the origination business earlier this year.