About First Reverse Mortgage USA
1st Reverse Mortgage USA, a division of Cherry Creek Mortgage Company, is one of the top reverse mortgage lenders in the United States. Headquartered in Lakewood, Colorado, the company operates branches in 11 states and serves another 10 states. This includes Arizona, California, Colorado, Illinois, and Texas. Cherry Creek, the parent company of First Reverse, was founded in 1987. In addition to its core lending business, 1st Reverse also maintains the First Reverse Lender Network in which the company partners with community banks, credit unions, and FHA-approved mortgage banks to originate reverse mortgages.
The company is heavily involved within the reverse mortgage industry. For example, 1st Reverse Mortgage has senior managers who are heavily involved with the National Reverse Mortgage Lenders Association (NRMLA) and the Coalition for Independent Seniors.
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Customer Reviews
There are few customer reviews of 1st Reverse available on the Internet. However, the company is currently rated “A+” by the Better Business Bureau, and it has no complaints over the past three years. While the strong track record with the BBB is definitely a positive sign, we recommend trying to speak to other consumers who have been through the process before committing to a specific reverse mortgage lender.
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1st Reverse Mortgage: Final Thoughts
1st Reverse Mortgage USA has a solid track record, and it’s certainly one option to consider if you’re shopping for a reverse mortgage. That said, it is almost always in the best interest of consumers to shop around before making a final decision.
