Lender Lead Solutions Introduces Fixed Rate HECM Reverse Mortgage

2008-01-08 23:28:45 -

- Lender Lead Solutions, a comprehensive reverse mortgage services company, today introduced its first fixed rate HECM product. The new product offers the assurance of a fixed interest rate for the life of the loan and expands Lender Lead Solutions' product menu that includes a Flex Margin Advantage product suite and the company's Simple 60(TM) product.

"We are pleased to continue to grow our product offering to our wholesale clients so we can be a one-stop-shop for all their needs," said David Peskin, chief executive officer of Lender Lead Solutions. "Lender Lead Solutions was the first to introduce a product for seniors under the age of 62, and we continue to create innovative products to serve our clients and the senior community."

Lender Lead Solutions' fixed rate HECM reverse mortgage product eliminates rate fluctuations, therefore eliminating interest rate risk. The fixed rate HECM has maturity conditions similar to those of a traditional HECM, including no loan repayments so long as the borrower maintains homeowner's insurance, pays real estate property taxes, maintains the home and does not vacate the residence for more than 12 months. The fixed rate HECM also permits full ownership of the residence for the borrower and the financial security of government insurance.

About Lender Lead Solutions

Lender Lead Solutions is a division of World Alliance Financial Corp., a member of the KBC Group, and the premier reverse mortgage services company in the United States, offering originators complete lead-to-closed loan services through comprehensive marketing, lending, education and technology solutions. LLS is dedicated to building the reverse mortgage industry by fostering deep partnerships with originators and by providing outstanding consumer education. Through LLS' national consumer education campaign, Senior Lending Network, LLS educates millions of Americans about the important benefits of reverse mortgages and then links interested consumers to qualified and experienced originators, who have access to LLS' wholesale reverse mortgage products, technology and education services. For more information call 1-888-775-3631 or visit the company's Web site at www.lenderleadsolutions.com.

Lender Lead Solutions
Mary M. Feder, 631-773-8914
or
Media contact for Lender Lead Solutions
Jerry Goldstein, 678-781-7214