American Bankers Association subsidiary Business Solutions announced it chose Security One Lending as its strategic alliance partner to offer its members the option of reverse mortgage solutions.
Security One will offer banks within the association exclusive programs, quicker approval and dedicated account management. “After researching the market, we determined that Security One could offer our members and their customers the best product – and more importantly – the best service,” said Business Solutions President Bill Kroll.
The alliance between Business Solutions and Security One will make it easier for ABA member banks to offer their customers the option of a reverse mortgage.
“Community bank customers inquire about reverse mortgages, and this program makes it possible for smaller banks to offer them locally,” added Kroll.
Michael Mooney, Security One Lending’s senior vice president for wholesale lending said their mission is to help older adults secure the power to live their lives with greater financial flexibility.
Security One Lending creates a variety of relationship options for banks working together, offering each institution what best suits their needs.