One of the top reverse mortgage companies in the nation is about to carry a new name.
Retirement Funding Solutions, which ranks among the top 10 reverse mortgage lenders in the U.S., is rebranding and will now be known as Mutual of Omaha Mortgage.
Retirement Funding Solutions is a subsidiary of Synergy One Lending, a mortgage lender that offers a variety of home financing products and services, including mortgages and reverse mortgages, through a network of loan officers, mortgage brokers, and direct sales channels.
Synergy One was acquired last year by insurance giant Mutual of Omaha, and eventually began operating at Mutual of Omaha Mortgage.
And now, Retirement Funding Solutions will carry the same name.
The name change comes as Mutual of Omaha is in the process of selling off its banking arm, Mutual of Omaha Bank, to CIT Bank, the banking subsidiary of CIT Group.
Synergy One and Retirement Funding Solutions operated under the Mutual of Omaha Bank umbrella, but Mutual of Omaha is not selling the mortgage business.
Rather, the company is transitioning Mutual of Omaha Mortgage from the bank to Mutual of Omaha Insurance Co., the parent company.
And now, the companies will all carry the Mutual of Omaha brand.
“As we become more closely aligned and integrated with Mutual of Omaha, we are excited to adopt the Mutual of Omaha brand, which is known and respected by consumers for its integrity and customer focus,” Retirement Funding Solutions President Alex Pistone said.