Total Mortgage Services LLC has announced that it is expanding its reverse mortgage lending operation, Total Mortgage Reverse Mortgage Program, to help more senior homeowners in need of accessing the equity available in their homes during this challenging economic environment. In conjunction with this expansion, Total Mortgage has hired Donna Marino as reverse mortgage specialist to lead the dedicated reverse mortgage product business.
“With over 18 percent of the American population at least 60 years of age, and that segment projected to grow, we believe it is the right time to expand our reverse mortgage program to help seniors, as well as key family members and advisors, clearly understand the implications of this important financial decision,” said John Walsh, president of Total Mortgage. “Total Mortgage has been a responsible lender for over 13 years, is A-rated by the Better Business Bureau and has a team of highly trained reverse mortgage specialists, who are able to work with senior homeowners to answer questions and concerns, explain and advise the various options available, and help guide them into the right reverse mortgage program that fits their long-term needs.”
“A reverse mortgage enables senior homeowners to enhance or maintain their current quality of life, by allowing seniors to continue to reside in their homes while receiving an additional stream of permanent income,” said Dave LeClair, business development manager at Total Mortgage. “Total Mortgage’s Reverse Mortgage Program provides retirees a steady stream of income to help meet rising expenses, while giving them peace of mind.”
Overseeing the reverse mortgage program at Total Mortgage is Donna Marino, a licensed mortgage professional with more than 14 years of experience in the residential mortgage industry, and over four years of directly handling reverse mortgages. Prior to joining Total Mortgage in May 2010, Marino has held direct-to consumer mortgage lending positions at Campbell Mortgage, Mortgage Solutions and CT Mortgage during her well-established career.
“We are extremely pleased to have someone of Donna’s experience and leadership ability join the Total Mortgage team,” said Walsh. “Donna clearly understands the importance of providing relevant information to seniors who are interested in reverse mortgages, while allowing them ample time and space to make decisions that are in the best interest of their overall financial well-being.”
“A reverse mortgage is a financial option in today’s economy that every senior should at least know about and consider. It is a retirement tool that can provide them with security and piece of mind in planning their retirement years,” said Marino. “Total Mortgage’s model offers significant value to all its clients by combining low mortgage rates—maybe the lowest rates in the industry—and great service. We are committed to making sure a senior makes the right choices at this critical time in their lives.”
For more information, visit www.TotalMortgage.com/reverse-mortgage.asp.