Skip to main content

Finance of America Reverse Offers HomeSafe Standard in New York

Phil Hall
Jul 23, 2019
Finance of America Reverse LLC (FAR) has appointed Jessica Hanson as an account executive in the Wholesale Lending Department

Finance of America Reverse LLC (FAR) has announced the rollout of its proprietary HomeSafe Standard product in New York State.
 
HomeSafe Standard is a full-draw, fixed rate product that offers a lump sum payment with no initial limitations on available funds and no prepayment penalties. New York is the 24th state to approve the sale of this loan product.
 
“Given areas of New York have some of the highest home values in the nation and the large population of baby boomers both entering and enjoying retirement, the need for this product is staggering and the potential impact for borrowers is very exciting,” said Jonathan Scarpati, vice president of wholesale at San Diego-based FAR. “We’re proud to provide a new solution to our partners and advisor channels who haven’t had an option like this before.”


 
Published
Jul 23, 2019
More from
Reverse
Open Mortgage Hires New National Director of Reverse Sales

Charith Rodrigo joins company from American Advisors Group.

Career
May 04, 2022
Reverse Mortgage Industry Sees April Drop In Loans

Decline comes after previous month’s 10-year high

Reverse
May 03, 2022
Reverse Mortgage Veteran Joins Steven J. Sless Group

Christopher Hartley will focus on increasing reverse mortgage originations

Reverse
Apr 15, 2022
ReverseVision Inc. Acquired By Constellation Mortgage Solutions Inc.

Constellation Mortgage Solutions Inc. announced the acquisition of ReverseVision, Inc., a home equity conversion mortgage and private reverse mortgage sales origination software company.

Home Equity
Feb 11, 2022
Steven J. Sless Group Of PRMI Appoints New Retail Production Manager

The Steven J. Sless Group of Primary Residential Mortgage named Greg Pahel as retail production manager, overseeing consumer direct reverse mortgage production.

Reverse
Jan 12, 2022
Washington Trust Hires New MLO

The Washington Trust Company hired Matthew McCarthy of Bloomfield, CT as a mortgage loan officer.

Community
Dec 16, 2021