Senior Lending Network Review

Senior Lending Network

Senior Lending Network has pioneered the reverse mortgage and is becoming the top reverse mortgage company in the country. The company gives some description of its program below:

“You’re a part of the largest generation in American history, and as more of you settle into retirement, planning and funding for these years is important. The Senior Lending Network’s mission is to educate and assist senior homeowners about retirement planning and the financial benefits of Reverse Mortgages.”

“A Reverse Mortgage is a loan that allows homeowners to access the equity in their home without making any monthly payments. The loan can be received in the form of a lump sum, monthly payment, line of credit or a combination of the three, and repayment is deferred until you no longer reside in your home.”

“Ninety-five percent of all Reverse Mortgages are HECMs (Home Equity Conversion Mortgages). These types of Reverse Mortgages are insured by the Federal Government and mandated by HUD (Department of Housing and Urban Development) guidelines. These loans have restrictions, such as borrowed amount, and require unbiased, HUD counseling to ensure your retirement funding is moving in the right direction. Senior Lending Network has already educated over one million seniors about Reverse Mortgages through our television commercials and online education.”

“The Senior Lending Network™, a program of World Alliance Financial Corp., is the nation’s foremost Reverse Mortgage educator and is committed to serving senior homeowners with their retirement planning. The Senior Lending Network’s loan volume grows by more than 10% every month and garners an average of 25,000 leads per month, which is quickly positioning it to become the leading Reverse Mortgage company in the nation.”

“Through its successful television campaign starring legendary actor and spokesperson Robert Wagner, its educational DVD, and via its online efforts, the Senior Lending Network has already assisted millions of consumers. Since 2003, this campaign has transformed the Senior Lending Network into a brand consumers recognize and trust while providing them access to educational and retirement planning materials, and to a national network of qualified and trained Reverse Mortgage experts. More than 15% of all Reverse Mortgage recipients have been educated by the Senior Lending Network.”

“There are NO SALE REQUIREMENTS, NO APPLICATION FORMS, NO CREDIT CARD INFORMATION OR SOCIAL SECURITY NUMBERS REQUIRED. SLN regards its customers’ privacy rights very seriously.”

Last Reviewed: July 2008

Categories: Mortgage loans; reverse mortgages

Site Highlights: Very good presentation of the company’s valuable service. This is great concept and Senior Lending Network is a leader in the field.

Rating: Tops. Well-designed and well-implemented program.

Weaknesses: None