Beacon Reverse To Become American Home Bank Reverse

Posted by Orb Staff on March 11, 2009 No Comments
Categories : Residential Mortgage

Beacon Reverse, a provider of reverse mortgage lending services to community banks, credit unions, nonprofit lenders and consumers, has changed its name to American Home Bank Reverse.

Beacon Reverse became a division of American Home Bank (AHB) in 2006, and originates and/or provides fulfillment for all of the Bank's reverse mortgage production. It also originates reverse mortgages through a network of third-party lenders.

"Changing our name to reflect our affiliation is a logical move and emphasizes our community bank orientation," says Russell Rothstein, managing director of American Home Bank Reverse.

AHB has multiple delivery channels in the retail and wholesale mortgage arena, as well as joint venture mortgage partnerships with builders and modular manufacturers. AHB is a division of First National Bank of Chester County.

SOURCE: American Home Bank Reverse

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