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National Mortgage Professional
Mar 11, 2009

Beacon Reverse to become American Home Bank ReverseMortgagePress.comBeacon Reverse, reverse mortgage, American Home Bank Reverse, Russell Rothstein Beacon Reverse, a provider of reverse mortgage lending services to community banks, credit unions, non-profit lenders and consumers, has announced it will become known as American Home Bank Reverse. Beacon Reverse became a division of American Home Bank in 2006, and originates and/or provides fulfillment for all of the Bank's reverse mortgage production. It also originates reverse mortgages through a network of third-party lenders that value having the support of an experienced partner when it comes to these specialized programs. According to Russell Rothstein, managing director of American Home Bank Reverse, the name change reflects American Home Bank's increasing prominence, and commitment to reverse mortgage lending. "{Changing our name to reflect our affiliation is a logical move, and emphasizes our community bank orientation," commented Rothstein. James Deitch, American Home Bank's CEO, said the divisions focus on supporting community banks, credit unions and non-profit lenders places them at the forefront of what is an emerging trend in reverse mortgage lending. "When it comes to reverse mortgages, senior homeowners and their families appreciate working with communitybased institutions with whom they already have a relationship," Deitch said. "American Home Bank Reverse is pleased to offer a superior, efficient and compliant solution to this growing need for reverse mortgages," added Deitch. For more information, visit www.ahbreverse.com.
Published
Mar 11, 2009
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