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.
A reverse mortgage loan can be an excellent financial resource for retirees. As with any type of financial tool, it is important to have a clear understanding of all of the costs associated, including closing costs and lending fees (finance charges) and applicable interest rates, before proceeding forward. In order to help you understand the...
A large number of pensions go unclaimed each year simply because people do not realize they are owed one. Below you’ll find a series of maps depicting the state of unclaimed pensions in the United States If you’re not familiar with the term, a pension is a retirement arrangement between an employer and employee in...
There are three main ways a reverse mortgage loan can be used to help provide additional retirement security. 1. Delay Social Security benefits and let investments grow Using this approach, a reverse mortgage loan is established at the outset of retirement and drawn upon every year to provide retirement income until exhausted, allowing the...
As 10,000 baby boomers are expected to reach retirement age daily—and living longer—many are finding that their savings may not be enough to live comfortably during their golden years. U.S. News & World Report writer Kira Brecht suggests that reverse mortgage loans may provide older Americans an additional source of funds to supplement retirement. Brecht’s...