Lender Lead Solutions Introduces LIBOR 85 Margin Reverse Mortgage

Posted by Orb Staff on December 19, 2007 No Comments
Categories : Residential Mortgage

Lender Lead Solutions, a Melville, N.Y.-based comprehensive reverse mortgage services company, has expanded its LIBOR 85 product offering within its Flex Margin Advantage product line. The LIBOR 85 basis-point margin pays a premium to the broker and provides increased liquidity to the consumer, the company says.

‘The LIBOR 85 reverse mortgage product has comparable principal limits to the CMT 100 and CMT 150, but provides a lower margin on the interest index than CMT-based products,’ says David Peskin, CEO of Lender Lead Solutions.

The Flex Margin Advantage product suite provides brokers with the ability to structure rates and loan terms on monthly Home Equity Conversion Mortgage (HECM) products in order to better fit the needs of their customers. Lender Lead Solutions' LIBOR Flex Margin Advantage product suite offers margins from 75 to 200 basis points on LIBOR-based HECM reverse mortgages.

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