Urban Financial of America LLC (UFA) has announced that it is now licensed to conduct its retail and wholesale reverse mortgage business in the state of Hawaii. Reverse and traditional "forward" mortgage companies licensed in Hawaii can now offer UFA's competitively priced reverse mortgages, which allow those age 62 and older to convert a portion of their home equity into tax-free funds for greater financial flexibility while remaining in their homes. UFA is consistently ranked as the nation's top wholesale reverse mortgage lender, providing wholesale and correspondent lenders with best-in-class operational support and reliably quick turn times. Homeowners in Hawaii also can contact UFA directly to work with a licensed Reverse Mortgage Specialist.
"UFA is pleased to bring a new reverse mortgage option to Hawaii," said Steve McClellan, president of UFA. "Our underwriting team and locally-based account executive have a deep understanding of the valuations, environmental zoning, landscaping requirements and other unique aspects of the Hawaii real estate market, as well as the needs of brokers and correspondent lenders. With our years of expertise, reputation for making the process easy, and our highly competitive pricing as one of the largest GNMA issuers, UFA is an excellent partner not only for Hawaii's current reverse mortgage providers but also for forward mortgage companies looking to expand into the reverse mortgage business."