Finance of America - Reverse (FHA, Jumbo and Reverse 2nd)

Finance of America - Reverse (FHA, Jumbo and Reverse 2nd)

8023 East 63rd Place, Suite 700, Tulsa, OK 74133

https://www.farwholesale.com

Internal Reviews

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Total loans closed with Loan Factory
17,896

Total loans closed with Loan Factory (past 12 months)
14,506

Lender overview

Basic information

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HECM Mortgagee Clause for Insurance Verify that the mortgagee clause for all HECM products is: Finance of America Reverse LLC ISAOA P.O. Box 39457 Solon, OH 44139-0457

Mortgagee Clause for Title and CPL Finance of America Reverse LLC ISAOA 8023 East 63rd Place, Suite 700 Tulsa, OK 74133

Lock policies & Fees

Lock Policies

Pricing is locked at clear to close
Quality Incentive
Rate sheet pricing +200 bps (FHA HECM/Reverse adjustable-rate programs), make sure to over disclose.

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No

Lender's niche & Overlays

Reverse Opportunities: FHA HECM, Reverse Jumbo, and Stand-alone Reverse 2nd. Purchase or Refinance, Fixed or Adjustable rates with a line of credit. We can help your senior clients. (Age 55+ for some programs and states)

This lender offers lender-processing service for FHA reverse with a fee of $495

Lender turn time

2

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