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Disclosures & Licensing

Company Information: Regional Reverse Mortgage is privately held company which does business under Regional Home Mortgage LLC. Corporate headquarters are located at 1150 Raritan Road, Suite 104, Cranford, New Jersey, 07016.Contact information; Toll free phone 800-342-1245, NJ phone732-239-4855, NY 347-983-9658.

Licensing InformationNMLS 4855; Updated 2022. Licensed Correspondent Lender by the NJ Department of Banking and Insurance. Registered Mortgage Broker-NYS Banking Department, loans arranged through third party providers. Approved Mortgage Broker by the Florida Office of Financial Regulation.

HECM Definition; A HECM loan is a loan made or originated by a lender. The FHA insures the lender’s HECM loan against certain losses, but it is still the lender’s loan and not an FHA or a government loan. The HECM is subject to the lender’s guidelines. The proceeds from the loan may be tax-free (not intended to be tax advice, please consult a tax advisor, payment of property taxes and insurance is still required). A reverse mortgage is a loan secured by borrower’s home and must be repaid.

Disclosure: We do not guarantee acceptance into any loan program, nor promise any specific loan terms or conditions. We are not a government agency and have no affiliation with any government agency. Your application does not constitute a mortgage commitment. Prior to making any decisions or acting, we request you contact your tax or legal advisors. We do not offer legal advice, nor is our websites information intended to constitute accounting, legal, or tax advice.

Supplemental Security Income participants: If you receive (SSI) benefits, they can be negatively impacted, if not terminated depending on the amount of assets that you keep in the bank and/or other liquid instruments that determine eligibility. Regional Reverse Mortgage advises all consumers to seek outside legal advice and contact the Supplemental Security Income administration office to determine the risks associated with current (SSI) benefits and how the reverse mortgage will impact those benefits. Regional Home Mortgage DBA Regional Reverse Mortgage, clearly state we are not experts on (SSI); we are not a government agency, and we cannot provide legal advice relating to (SSI).

Privacy and Security Policy; We do not share or sell your personal information to anyone or any other company unless using the information for your loan processing and our business partners as indicated below;

Authorized Service Providers; We may share your personal information with our authorized service providers and wholesale lenders that perform certain services on our behalf with your request for a loan. These service providers may include title companies, credit bureaus, flood or other insurance providers, escrow companies, appraisal companies, lenders, closing agents, and other financial institutions including our approved wholesale lenders. These service providers may have access to personal information needed to perform their functions, make a credit decision, but are not permitted to share or use such information for any other purpose than the processing of your loan. We value each consumer’s right to privacy and security.