Seattle Mortgage Introduces Reverse Mortgage Checking.Seattle Mortgage Offers QuickChecks(SM) Credit Line Checks for Borrowers SEATTLE -- Providing greater versatility and independence to senior homeowners, Seattle Mortgage Company (SMC SMC Saint Mary's College SMC Santa Monica College SMC Solaris Management Console SMC Smooth Muscle Cell SMC Small Magellanic Cloud (also see LMC) SMC Safety Management Certificate (maritime shipping) ), a leader in the reverse mortgage industry, has unveiled QuickChecks(SM), credit line account checks for their reverse mortgage product line. This new feature is the first of its kind in the reverse mortgage industry, giving greater freedom and versatility to senior borrowers. It eliminates the need to fax or mail draw requests, reducing paperwork, turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. , and labor. QuickChecks(SM) gives senior customers the ability to pay for everyday expenses without having to make a written request via fax or mail. This allows borrowers freedom to use the proceeds of their reverse mortgage when and how they choose. Borrowers simply write a check for point of sale purchases, bill payment or deposit to a bank account, expediting transactions and providing a great deal of convenience. Each check that is written functions as a draw on the reverse mortgage loan, reducing the line of credit and increasing the principal balance. "QuickChecks(SM) provides instant access to home equity lines of credit, preventing the hassle and delay of faxing a withdrawal request and awaiting a check, the typical method used in the industry," says John Nixon John Nixon may refer to:
This new product adds to the innovative collection of reverse mortgage offerings from SMC, including the recent addition of The Independence Plan(SM) proprietary jumbo loan Jumbo Loan Any residential or commercial mortgage with a loan amount exceeding the guidelines of Fannie Mae and Freddie Mac. Notes: Rates tend to be slightly higher on jumbo loans because lenders generally have a higher risk. . For additional information regarding Seattle Mortgage and reverse mortgage checking, please call 1-800-233-4601 or log on to www.seattlemortgage.com. About Seattle Financial Group Seattle Financial Group, a growing network of innovative financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , is dedicated to constantly meeting the consumer's ever-changing needs. Comprised of Seattle Mortgage, Seattle Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , Seattle Escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. , Seattle Capital, Reverse Mortgage of America and other brands, the company provides real estate financing, savings products, and associated services for all stages of life. General information about the company can be found at www.seattlefinancialgroup.com or by calling 800-233-4601. |
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