Financial Freedom Forms 'Affinity' Unit

Financial Freedom Senior Funding Corp., Irvine, Calif., has created an Affinity Division, a business development program for nonlender intermediaries such as financial advisers and insurance agents.The new unit will be responsible for educating these groups on how reverse mortgages can be used to help address their clients' needs. "Reverse mortgages have already proven to be an effective financial planning tool for unlocking frozen assets in order to fund [long-term care] plans, annuities, or other vehicles as well as to execute tax and retirement planning strategies," said Craig Corn, executive vice president of Financial Freedom. "As this trend has grown, so has the influx of inquiries from intermediaries. Resources and manpower from our Affinity Division will enable us to address advisers' and agents' growing need for support."