Security One Releases Financial Adviser Portal

FOR IMMEDIATE RELEASE

Security One Lending Releases Financial Adviser Portal

www.FundingLongevity.com to be an educational portal for Retirement Planning Professionals

San Diego, Calif., June 3, 2013—Security One Lending (S1L), a division of Reverse Mortgage Solutions, Inc. (RMS) announced today that it has built and released an educational portal that allows Financial Advisors to determine whether a Reverse Mortgage, coupled with other asset management/investment strategies, solves one of the biggest retirement risks…outliving one’s assets. The term “Funding Longevity” best describes this risk during the distribution phase (versus asset accumulation phase) that concern many retirees today.

Reverse Mortgage SolutionsThe simplicity of this site will allow S1L’s Loan Originators to effectively bring value to the Financial Planning/Advising community. S1L has been very active in the Financial Planners of America, (FPA) national and local chapters in educating the value a Libor-Based HECM Saver can bring their clientele. Tremendous progress has been made to date, and S1L believes this channel of production will play a role in expanding the Reverse Mortgage Industry.

“Our sales force is made up of some of the best professionals in the industry, all of whom are committed to the financial well-being of the senior homeowner,” said Torrey Larsen, EVP and President of Retail Lending of RMS/S1L. “To that end, S1L has established a formal “business incubator” that has been designed to perfect the most important growth initiatives for the industry. Within this division of the firm, the best ideas are prioritized for execution. From that point, the testing and development phases begin while working hand in glove with the impacted industry leadership groups for quick business execution. The Financial Advisor/Planner component represents one of four current projects managed within the incubator leadership team. We will leverage the team’s collective knowledge and experience to deliver the best possible service to our referral partners and their customers.”

Unlike other reverse mortgage lenders, S1L does not rely solely on leveraging the existing RM market, but, rather, looks to the future of the industry and builds new value propositions for delivery to its Origination force.

“Our customers (Originators) can rest assured that we are building a variety of business channels and initiatives that will move the needle for the retail business and secure relationships that have been difficult to reach during the past five years. RMS is very excited about these growth opportunities and the thoughtful process we have engaged to do it the right way”, stated Mike Kent, EVP and President of RMS’ Origination Business.

About Security One

Security One Lending is the Retail Lending division of Reverse Mortgage Solutions, Inc. RMS, which is owned by Walter Investment Management Corp., operates a coast-to-coast, origination, servicing and issuing business.

For more information on Security One Lending, visit www.s1l.com for more information about RMS, visit www.rmsnav.com.

About Walter Investment Management Corp.

Walter Investment Management Corp. is an asset manager, mortgage servicer and origination focused on finding solutions for consumers and credit owners. Based in Tampa, Fla, the Company has over 4800 employees and services a diverse loan portfolio. For more information about Walter Investment Management Corp., please visit the Company’s website at www.walterinvestment.com
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The Reverse Mortgage Program

HUD says the reverse mortgage program is generating positive cash flow. That’s good for the short term but does not erase the future liabilities to the mutual mortgage insurance fund for previous years books of HECM business which is expected to result in claims for property values under the final loan balance and tax and insurance defaults. In it’s recent quarterly report to congress, HUD reports that the reverse mortgage program is…

 

Walter Investment Acquires Security One Lending

Walter Investment Acquires Security One Lending

WALTER INVESTMENT MANAGEMENT CORP. ANNOUNCES

COMPLETION OFACQUISITION OF SECURITY ONE LENDING

(Tampa, Fla.) – Walter Investment Management Corp. (NYSE: WAC) (“Walter Investment” or the “Company”) an asset manager, mortgage portfolio owner and mortgage servicer, today announced the completion of the acquisition of 100% of the stock of Security One Lending (“S1L”). A definitive acquisition agreement was signed on December, 31, 2012, with the closing subject to regulatory and change of control approvals, which have been secured.

Walter Investment Acquires Security One Lending

S1L, based in San Diego, California, is a retail and wholesale reverse mortgage originator which has grown to a top tier company since its inception in November of 2006. The combination of Walter Investment’s subsidiary, Reverse Mortgage Solutions, Inc., (“RMS”) the largest issuer of HMBS securities in the industry, and S1L creates a combined platform with diverse, established originations channels without significant overlap.

“We believe S1L’s management team is among the best in the reverse mortgage sector and has a strong vision and strategic growth plan. The entire team is highly respected in the industry and we anticipate that they will contribute to the firm’s goal of being a leading service provider to our origination force and our broker partners,” said Mike Kent, Executive Vice President of RMS. “Additionally, there is a strong cultural alignment between the two firms which we believe will contribute to a smooth integration of the businesses.”

“We are pleased to be able to leverage the access to capital that Walter Investment can provide and believe our ability to combine expertise and resources with RMS and its management team places S1L and our employees in the very best position to compete within the reverse mortgage sector,” said Torrey Larsen, President of S1L. “RMS’s investment in the company and its industry resources will enable S1L to maintain its position as a dominant originator in the reverse mortgage space.”

“The combination of RMS and S1L secure our position as a leader in the reverse mortgage industry. The combined expertise of the two firms is highly synergistic, and we look for continued strong returns from the reverse mortgage business,” stated H. Marc Helm, Chairman and CEO of RMS. “We believe in this industry and think we are uniquely positioned to capitalize on the growth opportunities in this sector.”

About Walter Investment Management Corp.
Walter Investment Management Corp. is an asset manager, mortgage servicer and originator focused on finding solutions for consumers and credit owners. Based in Tampa, Fla., the Company has over 4,800 employees and services a diverse loan portfolio. For more information about Walter Investment Management Corp., please visit the Company’s website at www.walterinvestment.com.

300 Bayport Drive, Suite 1100 Tampa, Florida 33607
813.421.7600   www.walterinvestment.com