Mortgage Lender Experiencing High Growth in Reverse Mortgage Product
SCOTTSDALE, AZ, July 08, 2011 /24-7PressRelease/ -- VIP Mortgage Incorporated Reverse Mortgage Group a division of the full service home mortgage lender is experiencing high growth and increased reverse mortgage market share after the exit of Wells Fargo andBank of America. 'These very important mortgage products will continue to play an important and indispensable role for all of the current population over the age of 62 and the younger population who will be turning 62 very soon,' stated Robin Faison, Vice President of the V.I.P. Reverse Mortgage Group. 'We have been educating consumers who might need or want the reverse mortgage for over 8 years.'
V.I.P. has always put the customer first and with the reverse product we offer the very best of personalized service, from education to closing. We have top-notch products for our clients with the very best of experienced licensed reverse mortgage specialists. Robin states that the shift from the larger lenders to V.I.P. Mortgage will be a breath of fresh air for many.
The HECM or the Home Equity Conversion Mortgage are very good products from a public policy standpoint for the government and can be profitable investments for the private sector. Liquidity for the reverse secondary market has improved with the number of dealers and investors having grown tremendously. The Reverse Mortgage Product is here to stay and the outlook after the exit of Bank of America and Wells Fargo has had a positive effect on the industry
To learn more about the company and the reverse mortgage product please visit To Learn More.
About VIP Mortgage Inc.
VIP Mortgage Inc. is a licensed full service residential mortgage lender in Arizona, California, Colorado, New Mexico, Nebraska, Texas, Utah, and Washington. We provide a wide array of financial products to assist you in the purchase or refinance of your home.
V.I.P. Mortgage Inc. Reverse Mortgage Group
Robin Faison, Vice President, Reverse Mortgage Group; License: AZ 0913080; NMLS 145502
Vip Mortgage Inc. is a licensed full service residential mortgage lender in Arizona, California, Colorado, New Mexico, Nebraska, Texas, Utah, and Washington. We provide a wide array of financial products to assist you in the purchase or refinance of your home.
AZ: Mortgage Banker License No. BK-0909074, BKBR-0115633, BKBR-0115710, BKBR-0115261, BKBR-0116075, BKBR-0116262, BKBR-0116743, BKBR-0116742, BKBR-0116740, BKBR-0116741, BKBR-0116422, CA: Department of Real Estate No. 01866775 aka V.I.P. Independent Mortgage, Inc., CO: For 1st Mortgages - No entity or branch licenses needed, NE: Mortgage Banker License No. 2032, NM: Mortgage Loan Company License 03769, MI: First Mortgage Lender/Broker License No. FL0017723;Second Mortgage Broker/Lender Registrant License No. SR0017724, TX: Mortgage Banker Registration No: 81778 aka V.I.P. Independent Mortgage, Inc., UT: Consumer Credit License - Mortgage Lender License No: MLCO-7233522, WA: Master Business License No. 602 774 478, Consumer Loan Company License No. CL-145502.National Licenses
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