ICBA, Financial Freedom Team Up

ICBA Mortgage, the mortgage lending affiliate of the Independent Community Bankers Association, has formed an affinity partnership with Financial Freedom Senior Funding Corp., Irvine, Calif., to distribute reverse mortgage lending products through IBCA member banks."Reverse mortgages add additional flexibility to the wide range of residential lending products and services already offered by ICBA Mortgage and will well serve the seniors in our communities," said Thomas J. Sheehan, chairman of Grafton (Wis.) State Bank and chairman of ICBA Mortgage. "This new reverse mortgage program creates a great new opportunity for community banks and their older customers." Financial Freedom will provide training, customer and bank support and will assist IBCA members in marketing these products.