Reverse Mortgage Funding (RMF) Review & Information

Launched in July of 2015 and headquartered in Bloomfield, New Jersey, Reverse Mortgage Funding (often abbreviated as RMF) has quickly grown into one of the top HECM lenders in the country. It is licensed in 48 of the 50 states (the two exceptions are New York and Hawaii) plus Washington DC and Puerto Rico, meaning that almost no matter where you live you can consider working with RMF. The company’s management team boasts executives with a deep knowledge of the industry, veterans of the reverse mortgage divisions at places like EverBank and Metlife who founded Reverse Mortgage Funding after these large banks exited the HECM business in the early part of this decade.

RMF has been a Better Business Bureau accredited business since 2015. It currently enjoys an A+ rating, the highest possible score with the BBB, and overall the reviews found on the Internet are favorable. Customers cite professionalism and friendliness from the loan officers.

Interested in learning more about a reverse mortgage? Click here for more information, absolutely free.

Is RMF Right for Me?

Is Reverse Mortgage Funding the right company for you if you are considering getting a reverse mortgage? If you are thinking of getting a reverse mortgage then you have probably heard about all of the benefits that it offers. It can make your mortgage payments go away forever while also giving you access to the equity in your home. On top of that, you get to stay in your home for as long as you want to! It’s definitely an amazing opportunity, but only if you choose the right reverse mortgage company. Is Reverse Mortgage Funding the right option for you?

RMF is a relatively new company, but that shouldn’t deter you from working with them. The fact that they are licensed to operate in so many states is a solid endorsement that shows that they operate the right way. It’s also important to note that they are one of the few lenders that are endorsed by the American Banker’s Association. The point here is that they are licensed across the United States and have the endorsement of a reputable financial institution. They also boast an A+ rating from the Better Business Bureau. All of this adds up to paint a picture of a reputable and trustworthy company that you can feel comfortable doing business with.

Despite only being in business for a relatively short amount of time, Reverse Mortgage Funding has already helped more than 80,000 people. Reverse Mortgage Funding is also a direct lender. Why is this important? Many mortgage providers work as a type of middle man. They help to set you up with a mortgage company that suits your needs. Do you think they do this for free? No, they do it to make money, which means that when you use this type of service you end up paying more. Since Reverse Mortgage Funding is a direct lender the middle man is cut out. That means a lower cost for you, which is always a good thing.

Interested in learning more about a reverse mortgage? Click here for more information from American Advisors Group, absolutely free.

Reverse Mortgage Funding Statistics

Date Loans Total Max. Claim
2015-01-01 65 18,122,122
2015-02-01 57 16,036,327
2015-03-01 53 14,436,091
2015-04-01 124 35,778,852
2015-05-01 88 25,154,546
2015-06-01 105 26,027,406
2015-07-01 147 40,259,179
2015-08-01 130 36,083,789
2015-09-01 124 30,501,730
2015-10-01 120 30,572,214
2015-11-01 114 29,641,555
2015-12-01 139 40,018,477
2016-01-01 114 34,544,175
2016-02-01 131 36,701,810
2016-03-01 130 37,415,178
2016-04-01 179 49,187,971
2016-05-01 179 54,689,875
2016-06-01 108 34,049,149
2016-07-01 182 53,451,139
2016-08-01 311 93,853,745
2016-09-01 203 59,500,999
2016-10-01 211 66,875,393
2016-11-01 124 41,104,902
2016-12-01 292 88,468,406
2017-01-01 291 90,146,854
2017-02-01 206 63,362,599
2017-03-01 209 69,651,369
2017-04-01 203 70,133,436
2017-05-01 210 74,045,049
2017-06-01 206 68,523,791
2017-07-01 194 68,359,263
2017-08-01 211 73,349,607
2017-09-01 193 73,331,547
2017-10-01 214 78,307,335
2017-11-01 209 78,304,659
2017-12-01 279 100,965,431
2018-01-01 322 126,162,594
2018-02-01 139 52,652,385
2018-03-01 136 49,712,443
2018-04-01 121 44,017,753
2018-05-01 105 39,556,935
2018-06-01 82 30,317,269
2018-07-01 110 45,652,951
2018-08-01 81 31,348,665
2018-09-01 87 36,254,774
2018-10-01 103 40,287,084
2018-11-01 67 22,247,602
2018-12-01 64 22,307,742
2019-01-01 65 21,482,452
2019-02-01 108 35,678,901
2019-03-01 90 35,227,335
2019-04-01 93 31,928,360
2019-05-01 94 37,803,451
2019-06-01 90 31,846,901
2019-07-01 103 41,969,979
2019-08-01 114 44,727,776
2019-09-01 122 46,905,745
2019-10-01 120 47,774,126
2019-11-01 102 41,671,998
2019-12-01 143 62,560,169
2020-01-01 191 78,817,143
2020-02-01 154 62,500,033
2020-03-01 133 58,740,444
2020-04-01 14 7,027,090
2020-05-01 354 151,424,387
2020-06-01 218 104,463,491
2020-07-01 213 107,181,396
2020-08-01 189 88,918,500
2020-09-01 182 84,438,807
2020-10-01 200 90,338,293
2020-11-01 157 67,595,554
2020-12-01 246 116,786,993
2021-01-01 370 163,944,453
2021-02-01 181 84,463,644
2021-03-01 258 129,321,041
2021-04-01 242 128,570,265
2021-05-01 212 107,318,141
2021-06-01 177 86,299,386
2021-07-01 312 166,709,264
2021-08-01 245 134,195,561
2021-09-01 251 128,860,813
2021-10-01 282 151,338,916
2021-11-01 299 161,535,398
2021-12-01 235 124,206,333
2022-01-01 293 147,696,781
2022-02-01 263 131,457,935
2022-03-01 270 159,412,278
2022-04-01 234 146,133,305

Since the beginning of 2015, RMF has originated the third most reverse mortgages in the US:

Lender Loans
AMERICAN ADVISORS GROUP 82,900
ONE REVERSE MORTGAGE LLC 17,104
REVERSE MORTGAGE FUNDING LLC 15,091
FINANCE OF AMERICA REVERSE LLC 11,438
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7,926
LIBERTY HOME EQUITY SOLUTIONS INC 7,725
SYNERGY ONE LENDING INC. 6,848
MUTUAL OF OMAHA MORTGAGE INC. 6,204
HIGH TECH LENDING INC 5,285
REVERSE MORTGAGE SOLUTIONS INC 5,001

Final Thoughts

Reverse Mortgage Funding has also gone above and beyond to try to make the process of applying for a reverse mortgage as painless as possible. You can apply online and get a free quote, then fill out the majority of the paperwork online. There’s no traveling to a bank or any other hassles. Once you are approved, they have a dedicated team in place to help answer any questions you may have. They prioritize customer service, and once you have a reverse mortgage with them you will definitely experience this for yourself.

If you are thinking of getting a reverse mortgage then it’s only natural to be a little nervous. This is your home, so of course, you should ask a lot of questions to ensure you are doing what is right for you. Fortunately, at Reverse Mortgage Funding they have a team of experts ready, willing, and able to answer any questions you may have.

Interested in learning more about a reverse mortgage? Click here for more information from American Advisors Group, absolutely free.