Partnerships with Credit Unions

Until recently, only lenders who have received FHA approval have been able to offer Reverse Mortgages (also known as Home Equity Conversion Mortgages - HECMs). But, in order to make this important financial tool available to more homeowners, the FHA has recently instituted a program that allows non-FHA lenders to “partner” with approved lenders to offer Reverse Mortgages.

We would like to be that “partner” for you.

 We’re introducing an innovative Credit Union Reverse Mortgage Partnership Program – “CURVE” for short – that will allow you offer federally-guaranteed HECMs to your members, with very little effort on your part.

What could this mean for your credit union? Instead of sending your members to other financial institutions when they ask about a Reverse Mortgage, our CURVE program will allow you to fulfill their request and retain their business.

It is estimated that, to date, only 1% of eligible homeowners have converted to a Reverse Mortgage. But that rate is increasing with the population ages. There will soon be nearly 1 million homeowners in Massachusetts eligible for a Reverse Mortgage. This potential market is too large to ignore, too important to let pass by.

To learn more about our innovative CURVE program for Credit Unions and how it can benefit you, take a look at our CURVE website. Then, we would welcome the opportunity to sit with you to describe our CURVE program in more detail, and to explore the possibility of working together to better serve your members.