Harborstone Credit Union Chooses Security Reverse Mortgage

Posted by Orb Staff on March 20, 2009 No Comments
Categories : Residential Mortgage

Harborstone Credit Union, based in Tacoma, Wash., has signed an agreement with Security Reverse Mortgage and will utilize the Security Reverse Credit Union Program to educate, process and fund reverse mortgage loans for its senior members.

Over a quarter of the credit union's membership initially qualifies for a reverse mortgage, according to the senior vice president of lending, Roger Johansen.

"Our program will provide a non-competitive solution for forward-thinking credit unions like Harborstone by leveraging our economies of scale and protecting their members,’ adds Tane Cabe, president of Gig Harbor, Wash.-based Security Reverse Mortgage.

SOURCES: Harborstone Credit Union, Security Reverse Mortgage

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