You have a customer that has inquired about, or may benefit from, a Reverse Mortgage. Did you know that reverse mortgages are FHA loans that do NOT have minimum credit score or max DTI calculation?
If an application is taken the mortgage lender will sign one page loan level TPO agreement with Mid America Mortgage.
Our Loan Officer Assistant will walk arm in arm with you and your customer through the 30 day process from counseling to close
At funding Mid America Mortgage pays the mortgage lender a 2.5% TPO fee and the Loan Officer earns his/her normal commission.