Partner with our Strategic Mortgage Partner to Offer Reverse Mortgages and Generate Income for Your Credit Union

Norcom Mortgage

As a credit union, you have a unique opportunity to provide valuable financial solutions to your members while generating income for your institution. One such solution that can benefit your members and your credit union is the offering of reverse mortgages. We are excited to introduce our Strategic Partners Reverse Mortgage Partnership program, designed specifically for credit unions like yours. By partnering with Norcom, you can unlock the benefits of reverse mortgages for your members and create a new source of revenue for your credit union.

What is a Reverse Mortgage? A reverse mortgage is a financial product that allows homeowners who are 62 years or older to convert a portion of their home equity into tax-free funds. Unlike traditional mortgages, reverse mortgages do not require monthly mortgage payments. Instead, the loan balance is repaid when the homeowner sells the home, moves out, or passes away. Reverse mortgages offer your credit union members a way to tap into their home equity and access additional funds for retirement, medical expenses, home renovations, or any other financial needs.

Why Partner with Norcom? By partnering with them, your credit union can provide a valuable service to your members while creating a new income stream. Here are some key reasons to consider collaborating with their Reverse Mortgage Partnership program:

  1. Member Benefit: Offering reverse mortgages demonstrates your commitment to meeting the diverse financial needs of your members, especially seniors who may require additional financial flexibility during retirement.
  2. Revenue Generation: Reverse mortgages present an opportunity for your credit union to earn income. This can help diversify your revenue streams and contribute to the financial strength of your institution.
  3. Expertise and Support: Norcom specializes in reverse mortgages and have the necessary expertise to guide your credit union through the process. Their team will provide training, marketing materials, and ongoing support to ensure a smooth implementation and successful partnership.
  4. Compliance and Risk Management: Norcom  understands the regulatory landscape and will assist your credit union in navigating the complexities of offering reverse mortgages. Their robust compliance and risk management practices will help safeguard your institution and ensure adherence to industry guidelines.

How Does the Partnership Work? Partnering with Norcom is a straightforward process. Audra Santos, VP of Credit Union Lending, will be your main point of contact. Audra can be reached at 203-526-9345 or audra.santos@norcom-usa.com.  She will provide detailed information, answer any questions you may have, and guide you through the steps of joining their Reverse Mortgage Partnership program.

In addition to personalized support, we invite you to explore their website's FAQ section at https://reverse.mycupartner.com/. This resource offers a wealth of information and valuable insights into reverse mortgages, helping you and your credit union members make informed decisions.

By partnering with their Reverse Mortgage Partnership program, your credit union can offer reverse mortgages to your members, empowering them to unlock the benefits of their home equity while generating income for your institution. Reach out to Audra Santos today to learn more about this exciting opportunity and take the first step towards a successful collaboration that benefits both your credit union and your members' financial well-being.

Reverse Mortgages with Norcom Mortgage