Mutual of Omaha expands proprietary reverse mortgage offering

SecureEquity+ is the company’s initial entry into the proprietary reverse channel, which offers expanded borrower eligibility guidelines compared to the federally insured Home Equity Conversion Mortgage (HECM). The product is available to borrowers as young as 55 in states that allow for it, and loan amounts range up to $4 million.

“SecureEquity+ represents a significant milestone in Mutual of Omaha Mortgage’s ongoing commitment to empowering older homeowners with innovative financial solutions,” Alex Pistone, president of Mutual of Omaha Mortgage’s reverse division, said in a statement.

“We’re proud to lead the reverse mortgage industry with a product that delivers greater flexibility, broader access and more opportunity, helping older Americans take control of…