Choosing the Right Reverse Mortgage Companies in 2019

When it comes to a reverse mortgage, or a HECM loan, you’ll find plenty of options out in the wild. Hundreds of reverse mortgage companies exist, but are they really right for you?

What even makes a good reverse mortgage company?

A good reverse mortgage company caters to your needs, gets you fast approval, and makes sure you’re well informed through the process. Embarking on the journey of a reverse mortgage can be difficult, and the company you go with should be more worried about your pocket than theirs.

If you’re curious about why our company stands out from the pack, don’t worry, because you’re about to find out. We’ll be taking a look at some of the top reverse mortgage companies out there, and providing you with a brief overview of why they might not be the best choice.

In the realm of reverse mortgage companies, a few bad eggs can really tarnish the industry. Please keep in mind that these companies are not bad at what they do, we just think that you can do better.

So without wasting anymore of your precious time, let’s dive right in, and take an in depth look at some of the more well known reverse mortgage companies.

Why we feel you can do better than the best reverse mortgage companies

First and foremost, just because Google claims they’re the best doesn’t mean that they’re a superior company. Many things need to be taken into account, and when you keep reading you’ll find that each of the top reverse mortgage companies are far from bulletproof.

We think you can do better for a few reasons, but the main one is quality service and low fees. One thing that many people overlook with these loans is the fee associated with them. Most of the top reverse mortgage companies have high fees, and while fees are a necessary evil, you need to understand how much they should be and when too much is too much.

We believe in a quality reverse mortgage, and one that isn’t rushed. A reverse mortgage that isn’t shoved down your throat, but one that is still closed with a bit of haste. You shouldn’t sacrifice quality or education for speed, and we’re strong believers of that.

So we’re going to give you some insight into the top reverse mortgage companies. They’re all good companies, but we think that there is more than just a good rating.

At the end of the day, we know you can do better. We’ll start with AAG.


AAG is one of the big names when you look at reverse mortgage companies. They have a huge client base, and employ over 1,000 advisors.

Let’s take a look at some of the stats about AAG:

  • Over 1,000 advisers
  • More than twice the loan volume than any other lender in the industry
  • Operations in 49 states
  • A BBB “B+” rating

It is no mistake that AAG is one of the largest reverse mortgage companies in the business, but are they really that good? Sure they have tons of employees, a solid reach, and a decent rating, but that’s just on the surface.

Let’s see why you could do a bit better than AAG.

The main thing you should be looking at is their financial rating. Sure, a B+ looks good on paper, but is it actually a good rating in the financial world? Believe it or not, a B+ is far from the best rating. Depending on the industry, some companies can achieve ratings upwards of A++.

In school a B+ might have been a great grade, but in the world of business, it is not exactly the best. When looking reverse mortgage companies, this is something you need to keep in mind. The higher the rating, the better chance that company will be around for the long term and able to accommodate changes in the market.

So while AAG might be one of the best reverse mortgage companies in the game, their rating speaks otherwise. This is definitely something you need to consider when looking for the best reverse mortgage in regard to quality. They might be the #1 rated company, and for good reason, they just need some work rating wise.

We think you deserve better than a B+.

Remember, with a reverse mortgage, its quality over quantity.

Finance of America Reserve

Finance of America Reserve is also one of the best reverse mortgage companies in the game. They have great ratings, a quick close time, and operate in all 50 states. They’re doing something right, but are they doing everything right? We’ll be answering that exact question.

Let’s take a look at some of their featured stats:

  • A+ rating
  • They offer free information packets
  • Operations in every state
  • A knowledgeable origination department quick closing time

So you can see that they’re definitely one of the best reverse mortgage companies in the game, but can you do better? We definitely think you can, and here is why.

While Financial of America Reserve might have a great rating, good advisors, and nationwide operations, there is one area they’re lacking in. Believe it or not, their customer satisfaction rating is only 96%. That is definitely a great rating, but what about the 4%?

If you check out some of the reviews, you’ll find that their close time is not always quick. Their advisors may be knowledgeable, but the information packet is actually a bit confusing. When it comes to working with people over the age of 62, clarity is key. You want a company that keeps things simple, clear, and concise.

We’re not comfortable letting you fall into that 4%. We think that your needs should be accommodated 100% of the time, with no chance of failure. Don’t you feel that way too?

Nobody should feel like there is a risk involved with a reverse mortgage. While some of the best reverse mortgage companies have great ratings across the board, someone always seems to be left behind.

We want to make sure you never get left behind, and that your reverse mortgage is always tailored to your specific needs.

There is no need to find yourself in a horror story with your retirement in jeopardy.

One Reverse Mortgage

One reverse mortgage is also one of the best reverse mortgage companies in the game, and they hold that title for good reason. They operate in many states, and have tons of information online for their prospects. While this may be great, we still think you can do better.

Let’s take a look at some of their features:

  • Not licensed in every state
  • Plenty of online information
  • The fees are not expensive
  • Decent financial ratings
  • Decent customer satisfaction ratings

So while they might be one of the best reverse mortgage companies in the game, we definitely think you can do better.

Believe it or not, their overall rating is only a 2.5 out of 5 starts on most review pages you’ll find. That’s a 50%, and that’s just unacceptable. We think you’re a 5 start client, so why should you work with a 2.5 star company?

There are many reasons for this, but the main one is aggressive marketing. We believe in passive selling, which requires very little persistence. We want to inform you, but we don’t want to bludgeon you with information.

Unfortunately, this is exactly what some of the top reverse mortgage companies do, and we don’t think that’s fair to you. You should never feel pressured when it comes to a reverse mortgage, because at the end of the day it’s a huge decision. A decision that takes time, and a process that should be quick but not rushed.

So while One Reverse Mortgage might be a great company in many aspects, we feel that you can actually do a bit better overall. Nobody should feel rushed, and nobody should be treated like their only worth 2.5 stars.

Sometimes it’s not about the length of the process, but about getting it done right. We want to make sure your needs are satisfied before we throw you into a product, and that’s just our philosophy. Some reverse mortgage companies might be good, but are they great?

The verdict

When you set out to find the perfect reverse mortgage, you want to make sure the reverse mortgage companies you look at have your best interests in mind. While a lot of the top companies may very well be good at what they do, have you ever wondered if you could do better?

Well, believe it or not, chances are you can.

We feel like a reverse mortgage company should be more concerned about your wealth than theirs, and that’s what really matters at the end of the day.

So while many of these reverse mortgage companies may be great at what they do, we feel like you deserve better.

You deserve ethics, morals, a fast process, and a clean close. Unfortunately, some of the top reverse mortgage companies don’t believe in this the same way that we do.

Why should you sell yourself short? A reverse mortgage is a great tool, but only if used correctly. Make sure your needs are taken care of. Now you know the facts, so the question is: what will you do when the time comes?

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