Lender Lead Solutions Introduces Flex-Margin Advantage(TM) Pricing.

Reverse mortgage pricing options provide brokers with increased flexibility for structuring loans to consumers

MELVILLE, N.Y. -- Lender Lead Solutions, a comprehensive reverse mortgage services company, has added pricing options to the Home Equity Conversion Mortgage (HECM) through its new Flex-Margin Advantage(TM) program. Flex-Margin Advantage provides brokers with the ability to structure rates and loan terms on monthly HECM reverse mortgage loans in order to better fit the needs of their customers.

"The Flex-Margin Advantage product exemplifies our philosophy of delivering high quality reverse mortgage products and services to both the broker and consumer," said David Peskin, chief executive officer of Lender Lead Solutions. "We have created flexible reverse mortgage pricing that will be attractive to the consumer and increase our originator partners' ability to close more business."

Lender Lead Solutions has capitalized on the strengths of the HECM loan while also addressing its weaknesses by creating Flex-Margin Advantage pricing. Flex-Margin Advantage allows brokers to increase or decrease the margin on reverse mortgage loans in increments of 0.25 percent -- from 1.00 percent to 2.00 percent over the one year Constant Mature Treasury (CMT) weekly average rate versus the current HECM margin of 1.5 percent over the CMT. This pricing flexibility enables the broker to strike a balance between up-front closing costs and loan interest rates to fit the specific requirements of the consumer, making the loan more attractive to more applicants.

"For example, if a borrower plans to live in a home for a short period of time, up front fees may not be attractive," said Peskin. "By giving the consumer a higher rate and lower up-front fees, the broker can provide a more beneficial alternative. That is why the fixed margin reverse mortgage is a thing of the past - our adaptable reverse mortgage products meet everyone's needs."

HECM loans, which are government insured by the Federal Housing Administration (FHA) and gives homeowners 62 and older access to their home equity, are currently the most popular reverse mortgage product. HECM loans currently account for 90 percent of all reverse mortgage loans.

Lender Lead Solutions offers reverse mortgage originators complete lead-to-closed loan services and currently provides leads, underwriting, technology and education services to more than 3,000 loan officers at approximately 600 broker and lender organizations. Recently, Lender Lead Solutions expanded its business to include a reverse mortgage wholesale lending division, LLS Financial. The new division enables the company to provide broker organizations with a total solution for building a reverse mortgage business.

About Lender Lead Solutions

Lender Lead Solutions is a division of Vertical Lend and the premier reverse mortgage services company in the United States, offering originators complete lead-to-closed loan services through comprehensive marketing, lending, education and technology solutions. LLS is dedicated to building the reverse mortgage industry by fostering deep partnerships with originators and by providing outstanding consumer education. Through LLS' national consumer education campaign, Senior Lending Network, LLS educates millions of Americans about the important benefits of reverse mortgages and then refers interested consumers to qualified and experienced originators, who have access to LLS' wholesale reverse mortgage products, technology and education services. For more information call 1-888-775-3631 or visit the company's website at www.lenderleadsolutions.com.