Urban Financial of America Now Offers Reverse Mortgages in Hawaii

TULSA, Okla., July 21, 2014 (GLOBE NEWSWIRE) -- Urban Financial of America, LLC (UFA), one of the top lenders of reverse mortgages in the United States, is now licensed to conduct its retail and wholesale reverse mortgage business in the state of Hawaii.

Reverse and traditional "forward" mortgage companies licensed in Hawaii can now offer UFA's competitively priced reverse mortgages, which allow those age 62 and older to convert a portion of their home equity into tax-free funds for greater financial flexibility while remaining in their homes. UFA is consistently ranked as the nation's top wholesale reverse mortgage lender, providing wholesale and correspondent lenders with best-in-class operational support and reliably quick turn times. Homeowners in Hawaii also can contact UFA directly to work with a licensed Reverse Mortgage Specialist.

"UFA is pleased to bring a new reverse mortgage option to Hawaii," said Steve McClellan, President of UFA. "Our underwriting team and locally-based account executive have a deep understanding of the valuations, environmental zoning, landscaping requirements and other unique aspects of the Hawaii real estate market, as well as the needs of brokers and correspondent lenders. With our years of expertise, reputation for making the process easy, and our highly competitive pricing as one of the largest GNMA issuers, UFA is an excellent partner not only for Hawaii's current reverse mortgage providers but also for forward mortgage companies looking to expand into the reverse mortgage business."

UFA's wholesale efforts in Hawaii are led by account executive Herbert Lau, a lifelong resident of the state and 16-year veteran in the mortgage business. Mortgage brokers and correspondents interested in learning more about UFA's reverse mortgage offerings in Hawaii can contact Herb at 808-260-6827 or hlau@ufareverse.com.

UFA is licensed in 45 states and Puerto Rico.

About Urban Financial of America (UFA)

Integrity, knowledge, and a focus on making the reverse mortgage process as simple as possible: that's what Urban Financial of America, LLC, or UFA, is all about. Founded in 2003, the company is ranked among the top reverse mortgage lenders in the United States; it has been the nation's number-one wholesale reverse mortgage originator since December 2011, based on trailing 12 months' endorsement volume.1 UFA's retail and wholesale divisions are licensed in most states and Puerto Rico. UFA is a proud member of the National Reverse Mortgages Lenders Association (NRMLA), which works to strengthen and safeguard reverse mortgages, and the National Aging in Place Council (NAIPC).

1Source: Reverse Market Insight

UFA108 [Exp 07/2015]

CONTACT: Jean Noble Director | Head of Marketing 631-622-4519 jnoble@ufareverse.comSource: Urban Financial of America