Seniors Reverse Mortgage announced last week that it added to its growing branch network with Reno, Nevada based Lake Tahoe Mortgage. The new branch will operate under the name Seniors Reverse Mortgage and will continue to offer both reverse and conventional mortgages.
“We saw an ideal opportunity in Lake Tahoe Mortgage with the addition of a highly regarded local-market reverse mortgage franchise and the ability to offer a solid operator a platform to support its continued growth,” said David Stevenson, President of Seniors Reverse Mortgage.
“Our goal is to offer well-regarded, experienced mortgage brokers and originators, particularly those focused on the reverse mortgage market, a cost-effective solution to enable them to do what they do best, serve senior homeowners and their families.”
With the new branch addition, Seniors Reverse Mortgage has a total of 31 loan officers throughout the country. The company currently has branches in California, Oregon, Nevada, Illinois, Florida, Alabama, South Carolina and Georgia, and is actively looking to expand its geographic footprint through branch additions.
According to HUD’s Neighborhood Watch, Seniors Reverse Mortgage has endorsed 241 HECMs over the last 12 months.