SAN DIEGO, CA — Mutual of Omaha Mortgage Reverse Wholesale has announced the introduction of Broker ProtectSM, a new benefits program, to its network of reverse mortgage brokers and principal agents.
Under the new program, Mutual of Omaha Mortgage’s approved brokers and principal agents will have access to the follow industry-first package of protections:
- Mutual of Omaha Mortgage will not solicit borrowers established within the broker network
- Mutual of Omaha Mortgage will exclude borrowers within the broker network from all outbound marketing campaigns
- Mutual of Omaha Mortgage will alert brokers to refinance opportunities when identified
- Brokers will be alerted if a payoff is ordered on one of their loans within the broker network
- The broker’s name will be added to the borrower’s monthly servicing statement to encourage them to contact the broker for refinance opportunities
“We are excited about the new benefits our broker network is provided under Broker Protect,” said Alex Pistone, President of Mutual of Omaha Reverse Mortgage. “These protections are a first in our industry and demonstrate the commitment and respect we have for our network and their success.”
For more information about Broker Protect, visit https://mutualreverse.com/wholesale/.
About Mutual of Omaha Mortgage
A subsidiary of Mutual of Omaha, Mutual of Omaha Mortgage offers a variety of home financing and refinancing options as well as industry-leading reverse mortgage products to help its customers through life’s transitions. For more information about Mutual of Omaha Mortgage, visit www.mutualmortgage.com.
About Mutual of Omaha
Founded in 1909, Mutual of Omaha is a highly rated, Fortune 500 organization offering a variety of insurance and financial products for individuals, businesses and groups throughout the United States. As a mutual company, Mutual of Omaha is owned by its policyholders and committed to providing outstanding service to its customers. For more information about Mutual of Omaha, visit www.mutualofomaha.com.
