The wholesale division of American Advisors Group is dedicated to educating mortgage brokers and bankers, credit union lenders, community bankers, and other financial services professionals on how to leverage reverse mortgages as a strategic financial planning tool for their senior clients.
Frequently Asked Questions
How long does it take to close a loan?
AAG has industry leading turn times, typically 30 days from submission to close. A typical broker loan funds in 30 days from submission. This is based on AAG Wholesale data between January 2015 and January 2016.
Do you have training available?
Yes! AAG has a comprehensive library of industry leading on line and live trainings covering everything you will need to know to get started and be successful with reverse mortgages.
How are brokers compensated?
Broker compensation is based on services provided by brokers, the funds disbursed at closing, and allowable origination fees.
How is AAG different from other reverse lenders?
AAG’s success is due to several key elements including the most innovative HECM products, unmatched Partner support and resources, and the best training available anywhere. No one delivers more to help you succeed than AAG.
Do I need a special license to do reverse mortgages?
No. If you are already licensed, you are good to go.
How do I generate leads?
AAG has a wealth of marketing support available to partners to help tailor a plan that meets your business objectives.
Do I need additional insurance or a bond?
You only need what your State requires. Check with NMLS or your State licensing authority for details.
How does your pricing compare?
Our pricing and comp is extremely competitive. Often we’re the best – sometimes we’re not, and we don’t sell our program on price alone. We earn and keep our Partners based on the quality of our HECM products, our unmatched Partner support and resources, and our industry-leading training.
The National Reverse Mortgage Lenders Association and Next Avenue, public media’s first and only national journalism service for America’s booming older population, are partnering together to answer consumer questions about reverse mortgage loans. During a live web interview on April 25, 2017, Next Avenue Managing Editor Richard Eisenberg will pose reader questions to NRMLA leaders and...
Between April 24 to 28, American Advisors Group (AAG) will join NRMLA to celebrate Reverse Mortgage Education Week and bring education to mortgage industry professionals and consumers about this innovative retirement planning tool. Over the course of Reverse Mortgage Education Week, NRMLA will be hosting a series of online webinars for professionals who work with...
A heartwarming segment featuring AAG Borrower, Alice Smith of Haddonfield, New Jersey tells the story of how a reverse mortgage loan helped one senior avoid foreclosure and age in place with peace of mind. AAG loan officer, Lorraine Faas, helped Smith obtain the reverse mortgage loan to help continue to pay property taxes. Prior to...
Retirement planning expert, Steve Vernon of the Stanford Center on Longevity, wrote a positive article for CBS MoneyWatch citing recent research from the Center for Retirement Research at Boston College which touts reverse mortgage loans as a sound retirement planning tool. The article dispels many of the misconceptions about reverse mortgage loans including fees, legacies...