Nationwide Equities and ReverseVision Present 'Equity Power' Private Reverse Program – NMP Skip to main content

Nationwide Equities and ReverseVision Present 'Equity Power' Private Reverse Program

Navi Persaud
Apr 14, 2020
Older couple in the kitchen. Credit: iStock.com/SolStock

Nationwide Equities will be tapping ReverseVision's private reverse mortgage product to launch its own private product, EquityPower. Nationwide is looking to expand its business by offering another product to a new line of customers.
 
"EquityPower offers senior consumers who have high home values, own a condominium or otherwise don’t fit the HECM mold a means to access their home equity on flexible terms best suited to their stage in life," said Nationwide Equities CEO Paul Lamparillo, according to a release.
 
"We have a saying here that no good loan should ever hit the wastebasket. That’s why we offer so many financial products. We are dedicated to helping qualified consumers find the right solution for their homeownership and financial goals,” added Nationwide Equities President Glenn Wallace.
 
EquityPower is a fixed-rate product that is designed to help borrowers with homes valued up to $10 million, access equity once they reach age 60. The report also revealed that there would be features that differentiate it from Home Equity Conversion Mortgage including lower closing costs and more.
 

 
 
 
Published
Apr 14, 2020
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