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.
