The American Bankers Association (ABA) has announced that it will offer its member banks a reverse mortgage program through MetLife Home Loans, a division of MetLife Bank NA. Under the program, MetLife Home Loans will provide ABA member banks a streamlined broker/correspondent approval and on-boarding process, access to proprietary MetLife research and educational materials about and for the mature market, complete product education and dedicated account management.
After a thorough review process, MetLife was selected to be the exclusive provider of reverse mortgage programs by ABA Total Business Solutions, a subsidiary of the American Bankers Association.
"We’re pleased to add MetLife Home Loans as a business partner,” said Deborah Whiteside, senior vice president of mortgage for ABA Total Business Solutions. “MetLife Home Loans will provide our member banks with both strong products and dedicated support in the reverse mortgage arena."
“We are excited to be working with the ABA and their member banks,” said Michael Mooney, wholesale and correspondent sales director for MetLife Home Loans. “We are confident that this relationship will help to provide even more senior Americans with knowledge about, and access to, an important product that many of their peers have found so helpful in funding a secure retirement.”
For more information, visit www.aba.com or www.metlifehomeloans.com.