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AAG launches traditional mortgage business.

M2 EQUITYBITES-February 12, 2018-AAG launches traditional mortgage business

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American Advisors Group (AAG) has officially announced it has leased 11,037 square feet at 80 Iron Point Circle in Folsom, California (the "Sacramento branch") as part of its expansion into Northern California and traditional mortgage lending, the company said.

AAG expects to grow the Sacramento branch to 70 to 80 loan officers in 2018. The company began offering traditional mortgages and residential services for buying and selling homes in 2017 to provide its customers, primarily older Americans, with additional ways to access home equity to help fund a better retirement.

As the nation's provider of reverse mortgage lending, AAG finished 2017 with record revenues and loan originations. At the same time, the company has been exploring ways to help more seniors live comfortably in retirement, understanding that a reverse mortgage loan is not the right fit for everyone.

American Advisors Group (AAG) is the nation's provider of reverse mortgage lending.

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Publication:M2 EquityBites (EQB)
Geographic Code:1U9CA
Date:Feb 12, 2018
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