Finance of America - Reverse

Address: 8023 East 63rd Place, Suite 700, Tulsa, OK 74133

https://www.farwholesale.com

Internal Reviews

(0 reviews)

Total loans closed with Loan Factory
15

Total loans closed with Loan Factory (past 12 months)
5

Lender overview

Basic information

QM Program

N/A

Loss Payee

HECM Mortgagee Clause for Insurance Verify that the mortgagee clause for all HECM products is: Finance of America Reverse LLC ISAOA P.O. Box 39457 Solon, OH 44139-0457

CPL or Subordinate Clause

Mortgagee Clause for Title and CPL Finance of America Reverse LLC ISAOA 8023 East 63rd Place, Suite 700 Tulsa, OK 74133

Lock policies & Fees

Lock Policies

Lock extension

Pricing is locked at clear to close
Quality Incentive
Rate sheet pricing +300 bps (FHA HECM/Reverse adjustable-rate programs), make sure to over disclose.

Relock

N/A

Lock & Shop

Lender's niche & Overlays

Lender's Niche

Reverse Opportunities: FHA HECM, Reverse Jumbo, and Stand-alone Reverse 2nd. Purchase or Refinance, Fixed or Adjustable rates with a line of credit. We can help your senior clients. (Age 55+ for some programs and states)

Lender's overlays

None

Lender turn time

Initial underwrite (days)

CTC conditions review (days)

Initial CD (days)

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