First century Bank rolls out reverse mortgage Advisor program

by John YedinakPublished inNews, Reverse Mortgage

First century Bank announced the rollout of a new program that allows financial institutions to remain compliant with the reverse mortgages offer Real Estate Settlement Procedures Act (RESPA).

The new Home Equity Conversion Mortgage (HECM) program state regulated financial institutions to generate revenue payment without the overhead needed to perform a reverse mortgage.

"Companies that partner with FCB have the advantage of the 70

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